om/courses/1195 184 ? IATE ACCOUNTING II> Assignments > Chapter 16 WileyPLUS hom

Question

om/courses/1195 184 ? IATE ACCOUNTING II> Assignments > Chapter 16 WileyPLUS homework 6 WileyPLUS homework LUS Kieso, Intermediate Accounting, 16e Help I BACK Brief Exercise 16-4 bonds were selling in the market at 98, and the warrants had a market price of $38. Use the proportional method to record the issuance of the bonds and warrants Metlock Corporation issued 1,900 $1,000 bonds at 101. Each bond was Issued with one detachable stock warrant. After issuance, the titles area utomat when amount is entered. Do not indent manually. If no enter O for the amounts. Round intermediate calculations to 5 decimal places, e.g. 1.24687 entr y is required, select "No Entry" for the account titles and and final answers to o decimal places, e.g. S.nd indiate calculations to ecimiral select No Entry Tor he acouni aly indented e.g. 3,125) Account Titles and Explanation Debit Credit Question Attempts: 0 of 5 used AFOR LATESUSKIT ANSWER 204697N1002

Explanation / Answer

Cash 1919000 (1900*1000*1.01) Discount on bonds payable 53922                    Bonds payable 1900000                     Paid in capital stock warrants 72922 (1900*38*1.01)

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.