(Answered) Swifty corporation issued 1400 1000 bonds at 103 each bond

Accounting

Swifty Corporation issued 1,400 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling separately at 99. The market price of the warrants without the bonds cannot be determined.

Use the incremental method to record the issuance of the bonds and warrants.

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