Recording Entries for Bonds with Warrants On july 1 al Yeat 1, Salem Corporation authonzed \$1,600,000 of 756 bonds due in 10 years. The bonds pay cash interest semiannually each june 30 and December a1. Each $1,090 bond includes a detachable stork purchase warrant. Each wactant gives the bondhblder the right to purchase, for $30, one share of 51 par value common stock at any time during the next to years. The bonds were sold at 101 on july 1 of Year 1 , The value of the stock purchase warrants at the time of uspuance was s80.000. The boods Would selil without warrants at 5 s1,552,000 ia. Record the entry for issuance of bonds on fuly 1 of Year 1 using the proportional method: decimal places such as 0.8102