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please help On May 1,2025, Sunland Company issued 1,500$1,000 bonds at 102 . Each bond was issued with one detachable stock warrant. Shortly after issuance,
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On May 1,2025, Sunland Company issued 1,500$1,000 bonds at 102 . Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 98 , but the fair value of the warrants cannot be determined. a. Prepare the entry to record the issuance of the bonds and warrants. (Uist debit entry before credit entry. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) b. Assume the same facts as part (a), except that the warrants had a fair value of $25. Prepare the entry to record the issuance of the bonds and warrants. (List all debit entries before credit entries. Credit account titles ore outomatically 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 Do not round intermediate calculations. Round answers to 0 decimal places, es, 5, 125.) Step by Step Solution
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