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0.88/15 Question 4 of 15 Current Attempt in Progress Your answer is partially correct On May 1, 2020, Tamarisk Company issued 2.400 $1,000 bonds at

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0.88/15 Question 4 of 15 Current Attempt in Progress Your answer is partially correct On May 1, 2020, Tamarisk Company issued 2.400 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant Shortly after issuance, the bonds were selling at 98, but the fair value of the warrants cannot be determined. (a) Prepare the entry 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 for the amounts.) Account Titles and Explanation Debit Credit Cash 2448000 Discount on Bonds Payable 48000 Bonds Payable 2400000 Paid in Capital Stock Warrants 96000 (b) Assume the same facts as part (a) except that the warrants had a fair value of $26. Prepare the entry 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 for the amounts. Round intermediate calculations to 5 decimal places, es 1.24687 and final answers to decimal places, es 5,125.) Account Titles and Explanation Debit Credit 2448000 Discount on Bonds Payable 10537052 Boods Payable Paid In Capital Stock Warrants 52951.75 e Textbook and Media List of Accounts

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