139. Hoosier Co. sold $300,000 of 10% bonds for $311,600. Each $1,000 bond carried ten warrants and each warrant allowed the holder to acquire one share of $10 par value common stock for $25 a share. After the issuance of the securities, the bonds were quoted at 103.5 and each warrant was quoted at $9. Required: Prepare the entry to record the sale of the bonds. 140. Sierra sold $120,000 of 6% bonds for 012?,125. Each $1,000 bond carried five warrants and each warrant allowed the holder to acquire one share of $5 par common stock for $20 a share. After the issuance of the securities, the bonds were quoted at 100 and the warrants were quoted at $10. Later, one~fourth of the rights were exercised. Required: Journaljze the exercise of the warrants