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Carts Corporation issucd 3500 , five year, 3. bonds at 104 on January 1,2023 . Interest is paid annually Each $1.000 bond carried one detachable

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Carts Corporation issucd 3500 , five year, 3. bonds at 104 on January 1,2023 . Interest is paid annually Each $1.000 bond carried one detachable warrant allowing the holder to purchase 100 common shares ln Carla at 510 per share, the price at which Carla shares were tradeng on the day of the sale of the bonds. Similar straight bonds trading on the open market paid 5%,07 kune 30,2023,700 of the bond holders evercised the options to buy the shares. Prepare the journal entries to record these events : Round prebent volut factor cakulotion to 5 decimal places, es, 125124 and the finat answer to 0 declmal places es 58,971 . Crede oceount bitles are outometicolly indented when the amount ir entered. Do not indent manually. Record joumel entries in the onder presented in the problem. If no entry la required select "No Entry" for the account teles ond enter of for the amounts. Lht af detit entries before credit entres)

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