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0 Over the years, Windel Corporation has issued a number of bonds. The following questions on each of the bonds represent independent situations 31 32

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0 Over the years, Windel Corporation has issued a number of bonds. The following questions on each of the bonds represent independent situations 31 32 A. On April 1,2014, Windel Corporation issued bonds with detachable warrants. Information related to these bonds is shown below 34 35 36 Face value of bonds Stated rate of interest Bonds issued at Each $1,000 bond was sold with Each warrant allowed the investor to purchase one share of common stock for The par value of the common stock is On April 1,2014 the market values were: $ 10,000,000 10s 30 detachable warrants 38 48 10 40 Common stock Warrants 13 43 In February 2019, the proportion of warrants exercised was 30% 45 46 47 Required: a Prepare the journal entry for the issuance of the bonds with the detachable warrants. b.Prepare the journal entry to record the exercise of the warrants

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