Exercise 16-9 (Part Level Submission) The following are unrelated transactions. Present the required entries to record each of the transactions. (a) Your answer is correct. On March 1, 2020, Blossom Corporation issued $200,000 of 5% non-convertible bonds at 102, which are due on February 28, 2040. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one of Blossom's no par value common shares for $50. The bonds without the warrants would normally sell at 93. Blossom prepares its financial statements in accordance with IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit TCash 204000 Bonds Payable 186000 Contributed Surplus - S 18000 (b) Your answer is correct. Ayayai Corp. issued $10,000,000 of par value, 6% convertible bonds at 96. If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 91. Ayayai Corp. has adopted ASPE, and would like to explore all options available to report the convertible bond. (Credit account titles are automatically indented when the 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.) Debit Credit Account Titles and Explanation Option 1: Residual Method Cash 9600000 T T Bonds Payable 9100000 500000 T Contributed Surplus - Option 2: Value Equity component at zero Cash 9600000 T Bonds Payable 9600000 (c) Kingbird Limited issued $20,000,000 of par value, 4% bonds at 97. One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling for $5. Kingbird Limited has adopted ASPE. (Credit account titles are automatically indented when the 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.) Debit Credit Account Titles and Explanation Option 1: Residual Method Cash 19400000 Bonds Payable Contributed Surplus - Con Option 2: Value Equity component at zero Cash 19400000 Bonds Payable 19400000 SUOMI TCT OF ACCOUNTS