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On September 1.2025 , Nash Company sold at 104 (plus accrued interest) 3,120 of its 9%,10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants.

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On September 1.2025 , Nash Company sold at 104 (plus accrued interest) 3,120 of its 9%,10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $14 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Nash Company bonds. Interest is payable on December 1 and June 1. Prepare in general journal format the entry to record the issuance of the bonds. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) September 1. 2025 Cash Interest Expense Bonds Payable Premium on Bonds Payable Paid-in Capital-Stock Warrants

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