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Over the years, Windel Corporation has issued a number of bond s The following questions on each of the bonds r t independent situations: On

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Over the years, Windel Corporation has issued a number of bond s The following questions on each of the bonds r t independent situations: On April 1, 2014. Windel Corporation issued bonds with detachable warrants. Information related to these bonds is shown below A. Face value of bonds S 10,000,000 Stated rate of interest Bonds issued at Each $1,000 bond was sold with Each warrant allowed the investor to purchase one share of common stock for The par value of the common stock is On April 1,2014 the market values were 105 30 detachable warrants 48 10 Common stock Warrants 13 In February 2019, the proportion of warrants exercised was 30% Required:a. Prepare the joumal entry for the issuance of the bonds with the detachable warrants b. Prepare the journal entry to record the exercise of the warrants

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