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On May 1.2025, Kingbird Compary issued 1.900$1.000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after isstance, the bonds were
On May 1.2025, Kingbird Compary issued 1.900$1.000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after isstance, the bonds were seling at 98 , but the fair value of the warrants cannot be determined. a. Prepare the entry to record the issuance of the bonkts and warrants. (List debit entry before credit entrx. Credit account titles are outomatically indented when amount is entered Do not indent monually. If no entry is required, select "No Entry" for the occount titles and enter of for the amounts) b. Assume the same facts as part (a), ouept that the warrants had af fale value of $22. Prepare the entry to record the lssuance of the not indent menualif, if no entry br required, select "No Entry' for the account tieles and enter Ofor the omounts Do not round intermediate catculations Round ariswers to Odectinal ploces es. 5,125
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