6 entries coorelate to the 6 transactions

During the current year, the follow 3 transactions occurred. 1. The company issued to the stockholders 95,000 rights, Ten rights are needed to buy one share of stock at $34. The rights were void after 30 days. The market price of the stock at this time was $36 per share. 2. The company sold to the public a $181,000,10% bond issue at 104 . The company also issued with each $100 bond one detachable stock purchase warrant, which provided for the purchase of common stock at $32 per share. Shortly after issuance, similar bonds without warrants were selling at 96 and the warrants at $8. During the current year, the following transactions occurred. 1. The company issued to the stockholders 95,000 rights. Ten rights are needed to buy one share of stock at $34, The rights were void after 30 days. The market price of the stock at this time was $36 per share. 2. The company sold to the public a $181,000,10% bond issue at 104 . The company also issued with each $100 bond one detachable stock purchase warrant, which provided for the purchase of common stock at $32 per share. Shortly after issuance, similar bonds without warrants were selling at 96 and the warrants at $8. 3. All but 4,750 of the rights issued in (1) were exercised in 30 days. 4. At the end of the year, 80%. 5. During the current year, the company granted stock options for 10.000 shares of common stock to company executives. The company, using a fair value option-pricing model, determines that each option is worth $10. The option price is $32. The options were to expire at year-end and were considered compensation for the current year. 6. All but 1.000 shares related to the stock-option plan were exercised by year-end. The expiration resulted because one of the executives failed to fulfill an obligation related to the employment contract. Prepare general journal entries for the current year to record the transactions listed above. (List all debit entries before credit entries 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 O for the amounts. Do not round intermediate calculations. Round answers to 0 decimal ploces, es. 5,125.) 3.45 6. For options exercised: Foroptionslapsed