Journalize the entries of the foregoing

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Question - On March 1, 2015, APC Corporation issued P1,000,000 of its 10% non-convertible bonds at 104, due February 28, 2025. Each P1,000 bond was issued with 30 non-detachable warrants, each of which entitles the holder to purchase for P40, one ordinary share of APC, par value P25. If sold without warrants, the bonds would yield 12%. The interest on the bonds is payable annually. On December 31, 2015, the creditor exercised all of the share warrants. Journalize the entries of the foregoing.

Reference no: EM133055305

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