Chase corp sold 200 1000 65 percent bonds at 105 on march 1, Ask an Expert

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Chase Corp sold 200, $1,000, 6.5 percent bonds at 105 on March 1, 2006. Each bond has 10 warrants attached, and each warrant allows its holder to purchase one share of $1 par value common stock at $10 per share. At the time of sale, the bonds without the stock warrants would have sold for 102, and the stock warrants for $10. The stock warrants will expire on December 31, 2008.The journal entry to record the sale of the bonds should include.

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Accounting Basics, Accounting

Category:- Accounting Basics
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