Bonds with Detachable Warrante in 10 years. The bonds pay in Die Warrants On July 1, 2016, Salem Corporation issued $3 million of 12% bonds payable onds pay interest semiannually. The bonds include detachable warrants giving the bondholder the right to purchase for $30, one shar $30, one share of Si par value common stock at any time during the next 10 years. Salem sold the bonds for 53 million. The value of the warrants at the time of issuance was $200,000. Required: Prepare in general journal format the entry to record the issuance of the bonds