On December 1, 2020, Junction Company issued at 104, 4,000 of its (9 %, 10)-year, ($ 1,000)

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On December 1, 2020, Junction Company issued at 104, 4,000 of its $9 \%, 10$-year, $\$ 1,000$ par value, nonconvertible bonds with detachable stock purchase warrants. Each bond carried two detachable warrants; each warrant was for one share of common stock at a specified option price of $\$ 15$ per share. Shortly after issuance, the warrants were quoted on the market for $\$ 3$ each. No fair value can be determined for the bonds without the warrants. Interest is payable on December 1 and June 1. Provide the entry to record issuance of the bonds by Junction Company on December 1, 2020.

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