On September 1, 2020, Pharoah Corp. sold at 103 (plus accrued interest) 5,490 of its $1,000 face value, 10-year, 9% non-convertible bonds with detachable stock warrants. Each bond carried 3 detachable warrants; each warrant was for one common share at a specified option price of $10 per share. Shortly after issuance, the warrants were selling for $5 each. Assume that no fair value is available for the bonds. Interest is payable on December 1 and June 1. Pharoah Corp. prepares its financial statements in accordance with ASPE. (a) Prepare in general journal format the entry to record the issuance of the bonds under both options available under ASPE. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Residual method: September 1, 2020 (To record the issuance of the bonds) Allocation of zero to equity: (To record the issuance of the bonds) Debit Credit