Exercise 16-8 Page 1 of Print by: GUILLERMINA LORENZo 335.D301.Spring 2018.Seda / C 16 Exercise 16-8 On September 1, 2017, Ayayai Company sold at 104 (plus accrued interest) 3,600 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carr detachable warrants. Each warrant was for one share of common stock at a specified option price of $14 per share. Shortly after issuance, the warrants were quoted on the market for $2 each. No falr value can be determined for the Ayayai Company bonds. Interest is payable on December 1 and June 1. Bond issue costs of $34,100 were incurred. ed two Prepare in general journal format the entry to record the issuance of the bonds. (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.) Account Titles and Explanation Debit Credit Question Attempts: 0 of 4 used Copyrg 2000-2018 by Jchn Wey&Sons inc or relasted concernes Al ighis reserve