Issued $3 million of 10% nonconvertible bonds at 104. The bonds are de on July 31, 2041. Each $1,000 bond was issued with 20 detachable stock warrants, each of which etitled the bondholder to purchase, for $60, one share of no par common stock. The market value of the common stock was $58 per share and the market value of stock warrant was $8. What are the journal entries?

Sunset foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations. however, as a consequence of its highly compartmentalized structure, the firm has found it difficult to transfer information and ideas from one department to the next. with the launch of its new line of breakfast foods coming up, how can sunset improve its ability to collaborate without sacrificing the benefits of its current structure