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  1.  
    This question is from Willey Module26 B

    On December 30,2006 Fort issued bond with detachable stock warrant
    Face amount $1000
    Unit 1000
    Interest 8%
    Period 10year

    Immediately after issuance
    Bond without warrant $1080
    market value of warrant $120

    1.What is the reason, the amount of bond payable $900 in its Dec. 31 2006
    and what is the journalization?
    2What is the journalization when Fort issued the bond Dec. 30 2006?



 

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