Business, 26.11.2019 22:31 tashaunalewis4786

On april 7, 2018, kegin corporation sold a $6,000,000, twenty-year, 8 percent bond issue for $6,360,000. each $1,000 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: 8% bond without warrants $1,008warrants 21common stock 28 what accounts should kegin credit to record the sale of the bonds?

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On april 7, 2018, kegin corporation sold a $6,000,000, twenty-year, 8 percent bond issue for $6,360,...