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On May 1, 2020, Judice Company issued 400 $1,000 bonds at 104. Each bond was issued with two detachable stock warrants. Shortly after issuance, the

On May 1, 2020, Judice Company issued 400 $1,000 bonds at 104. Each bond was issued with two detachable stock warrants. Shortly after issuance, the bonds were selling at 106, and the fair value of the warrants was $40 each.

Show supporting computation. No need to show questions.

Prepare the entry to record the issuance of the bonds and warrants.

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