Business
Business, 25.11.2021 14:00, jocelyngracia

On April 7, 2021, Waterway Industries sold a $5100000, twenty-year, 9 percent bond issue for $5406000. Each $1000 bond has two detachable warrants, each of which permits the purchase of one share of the corporation's common stock for $30. The stock has a par value of $25 per share. Immediately after the sale of the bonds, the corporation's securities had the following market values: 9% bond without warrants $1008 Warrants 22 Common stock 29 What accounts should Waterway credit to record the sale of the bonds

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On April 7, 2021, Waterway Industries sold a $5100000, twenty-year, 9 percent bond issue for $540600...

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