Sheffield Corporation issued $2,000$ $$1,000$ bonds at $103.$ Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling separately at $97.$ The market price of the warrants without the bonds cannot be determined.

Use the incremental method 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 titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

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List of Accounts