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Recording Entries for Bonds with Warrants

On July $1$ of Year $1,$ Salem Corporation authorized $$1,900,000$ of $7\%$ bonds due in $10$ years. The bonds pay cash interest semiannually each June $30$ and December $31.$ Each $$1,000$ bond includes a detachable stock purchase warrant. Each warrant gives the bondholder the right to purchase, for $$30,$ one share of $$1$ par value common stock at any time during the next $10$ years. The bonds were sold at $101$ on July $1$ of Year $1.$ The value of the stock purchase warrants at the time of issuance was $$95,000.$ The bonds would sell without warrants at $$1,843,000.$

a$.$ Record the entry for issuance of bonds on July $1$ of Year $1$ using the proportionall method.

Note: Carry all decimals in calculations; round the final answer to the nearest dollar. This means that your allocation ratio should not be rounded$-$use no less than four decimal places such as $0\mathrm{.}8102.$

b$.$ Record the entry for issuance of bonds on July $1$ of Year $1$ assuming instead that the warrants are not detachable.

$\backslash$table$[[$Date$,$Account Name,Debit,Credit$],[$July $?,,,],[,,,],[,,,],[,$To record bond issuance.,,$]]$