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How to solve it . E16-10 (Issuance of Bonds with Share Warrants) On May 1, 2015, Barkley Company issued 3,000 (1,000 bonds at 102. Each

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. E16-10 (Issuance of Bonds with Share Warrants) On May 1, 2015, Barkley Company issued 3,000 (1,000 bonds at 102. Each bond was issued with one detachable share warrant. The fair value of the bonds on May 1, 2015, was E2,940,000. Instructions (a) Prepare the entry to record the issuance of the bonds and warrants. (b) Assume the same facts as part (a), except that the warrants had an estimated fair value of E20, Prepare the entry to record the issuance of the bonds and warrants

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