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1)bonds payable and contributed surplus is wrong for first entry what will be value?

2) how much will be debit for contribution surplus fr second entry and how much will be credit common shares?

Skysong Corporation issued 4,700, five year, 3% bonds at 106 on January 1, 2020. Interest is paid annually. Each $1,000 bond carried one detachable warrant allowing the holder to purchase 100 common shares in Skysong at $11 per share, the price at which Skysong shares were trading on the day of the sale of the bonds. Similar straight bonds trading on the open market paid 6%. On June 30, 2020,940 of the bond holders exercised the options to buy the shares. Prepare the journal entries to record these events. (Round present value factor calculations to 5 decimal places, es, 1.25124 and the final answer to decimal places e.g. 58,971. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Date Jan. 1. 2020 Cash 4982000 Bonds Payable 4700000 Contributed Surplus - Stock Warrants 282000 Jun 30. 2020 Cash 1034000 Contributed Surplus - Stock Warrants 94000 Common Shares 940000 e Textbook and Media List of Accounts Save for Later Last saved 6 seconds ago Saved work will be auto-submitted on the due date. Attempts: 1 of 3 used Submit

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