21

BAR On May 1, a company issued $100.000 of 10%, 20-year bonds at 102. Each $1.000 bond was issued with 30 detachable stock warrants, each of which entitled the holder to purchase, for $15, one share of the company's $1 par common stock. At time of issue, the market value of each warrant was $4. The journal entry to record the issue includes which of the following Click to select (Click to select) debit to Bords Payable for $100,000 credit to Cash for $100,000 debit to Cash for $102,000 credit to Bonds Payable for $102.000