Reese Company issued 4,300 of its $1,000 par value bonds for $1,410, providing total cash proceeds of $6,063,000. There are no bond issue costs. The market price of Reese's common shares on the date that the bonds were issued was $50 per share. The bonds were sold with 150,500 warrants to acquire 150,500 shares of the company's $5 par value common stock for $60 per share. That is, each bond carries 35 warrants. Reese has existing bonds outstanding that currently trade without warrants at $1,200. There are other Reese warrants outstanding that trade for $45 each. Assume that the fair value of the bonds is more reliable than the market value of the warrants. Read the requirements. Requirement a. Prepare the journal entry to record issuance of the bonds assuming that the warrants are nondetachable. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Date of Issue Requirements Additional Paid-in Capital in Excess of ParCommon a. Prepare the journal entry to record issuance of the bonds assuming that the warrants are nondetachable. b. Prepare the journal entry to record the issuance of the bonds assuming that the warrants are detachable using the proportional method. c. Prepare the journal entry to record the issuance of the bonds assuming that the warrants are detachable using the incremental method. d. Assuming that the incremental method is used, prepare the journal entry required to record the exercise of all warrants. Additional Paid-in CapitalStock Warrants Bond Payable Cash Common Stock-Par Value Print Done Discount on Bonds Payable Interest Expense Interest Payable Premium on Bonds Payable