Question $9$ of $14$

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On May $1,2025,$ Swifty Company issued $2,400$ $$1,000$ bonds at $102.$ Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at $99,$ but the fair value of the warrants cannot be determined.

a$.$ Prepare the entry to record the issuance of the bonds and warrants. $($List debit entry before credit entry. 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 $0$ for the amounts.$)$

$\backslash$table$[[$Account Titles and Explanation,Debit,Credit$],[,,],[,,],[,,],[,,],[,,],[,,]]$

b$.$ Assume the same facts as part $($a$),$ except that the warrants had a fair value of $$33.$ Prepare the entry to record the issuance of the bonds and warrants. $($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 titfes and enter $0$ for the amounts. Do not round intermediate calculations. Round answers to $0$ decimal places, eg$5,125.)$

Account Titles and Explanation

Debit

Credit