Exe Rece Bond LOS On July 1, 2020, Salem Corporation issued $2,000,000 of 7% bonds due in 10 years. The bonds pay cash interest semiannually. Each $1.000 bond includes a detachable stock purchase warrant. Each right gives the bondholder the right to purchase, for $30, one share of S1 par value common stock at any time during the next 10 years. The bonds were sold at 101. The value of the stock purchase warrants at the time of issuance was $100,000. The bonds would sell without warrants at $1.940,000. Required a. Record the entry for issuance of bonds using the proportional method. 1. Record the entry for issuance of bonds assuming instead that the warrants are not detachable. Activate Wine