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On April 7, 2021, Swifty Corporation sold a $5050000, twenty-year, 9 percent bond issue for...

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Accounting

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On April 7, 2021, Swifty Corporation sold a $5050000, twenty-year, 9 percent bond issue for $5353000. Each $100 bond has two detachable warrants, each of which permits the purchase of one share of the corporation's common stock for $30. The stock has a par value of $25 per share. Immediately after the sale of the bonds, the corporation's securities had the following market values: 9% bond without warrants $1008 Warrants Common stock What accounts should Swifty credit to record the sale of the bonds? $5050000 Bonds Payable Premium on Bonds Payable 47268 Paid-in Capital-Stock Warrants 215332 $5050000 Bonds Payable Premium on Bonds Payable 303000 $5050000 Bonds Payable $5050000 Bonds Payable Premium on Bonds Payable 47268 Paid-in Capital - Stock Warrants 215332 $5050000 Bonds Payable Premium on Bonds Payable 303000 $5050000 Bonds Payable Premium on Bonds Payable 79110 blicy nn

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