On December 1, 2014, Cairo Ltd. issued 500 of its 9%, $1,000 bonds at 103. Attached to each bond was one detachable warrant entitling the holder to purchase ten of Cairo's common shares. At this time, the market value of the bonds, without the warrants, was 95. The company follows ASPE and would like to know what options they have for recording the issuance of the bonds. Prepare the journal entries for the options available.