Eisler corporation issued 2,000 $1,000 bonds at 101. each bond was issued with one detachable stock warrant. after issuance, the bonds were selling in the market at 98, and the warrants had a market price of $40. use the proportional method to record the issuance of the bonds and warrants. (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. round intermediate calculations to 5 decimal places, e. g. 1.24687 and final answers to 0 decimal places, e. g. 5,125.)

In the books of Eisler Corporation :

Cash ( 2,000 x 1,000 x 101 %) A/c   Dr.  2,020,000

Discount on Bonds Payable A/c     Dr.   $59,216

To Bonds Payable                                                           2,000,000

To Paid-in Capital : Stock Warrants                                 79,216

Workings:

Bond issue proceeds proportionately allocated to bonds:

= 1,940,784.31

Discount on bonds payable = $ 2,000,000 - $1,940,784  

                                              = $59,216

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

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