Blackboard > XCO Remaining Time: 20 minutes 57 seconds. Less than half of the time remains Question completion Status: A Moving to another question will save this response. Question 10 of 15 Question 10 1 points Saree On July 1, 2020, Juba Inc. issued 10,000, 5 7 non-cumulative, no par value preferred shares for $1,050,000 Attached to each share was one detachable warrant, giving the holder the night to purchase one of Juba's no par value common shares for S 30. At this time, the shares without the warrants would normally sell for $1,025,000 while the market price of the warrants was $250 each. On October 31, 2020, when the market price of the common shares was $ 33.50 and the market value of the warrants was $ 300, 4000 warrants were exercised Juba adheres to IFRS As a result of the exercise of the warrants and the issuance of the related common shares what journal entry would juba make? 1.Cash 120 000 Common Shares 120,000 2. Cash 120,000 Contributed Surplus-Stock Warrants 10,000 Common Shares 130,000 On Cash 120 000 Contributed Surplus-Stock Warrants 25 000 Common Shares 145,000 4. Cash 120,000 Contributed Surplus-Stock Warrants 15 000 Conran Shares 135.000 ning Time: 07 minutes, 08 seconds. ion Completion Status: Close Window Moving to another question will save this response Question 10 of 15 Eestion 10 1 points On July 1, 2020, Juba Inc issued 10,000, S 7 non-cumulative, no par value preferred shares for $ 1.050,000. Attached to each share was one detachable warrant, giving the holder the right to purchase one of Juba's no par value common shares for $ 30. At this time, the shares without the warrants would normally sell for $ 1,025,000 while the market price of the warrants was $2.50 each On October 31, 2020, when the market price of the common shares was $ 33.50 and the market value of the warrants was $ 300, 4000 warrants were exercised Juba adheres to IFRS As a result of the exercise of the warrants and the issuance of the related common shares what journal entry would juba make? 1.Cash 120,000 Common Shares 120,000 2. Cash 120,000 Contributed Surplus Stock Warrants 10.000 Common Shares 130,000 3. Cash 120,000 Contributed Surplus Stock Warrants 25.000 Common Shares 145,000 4. Cash 120,000 Contributed Surplus Stock Warrants 15,000 Common Shares 135 000