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On May 1, 2025, Blossom Company issued 2,500 $1,000 bonds at 102. Each bond was...

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Accounting

On May 1, 2025, Blossom Company issued 2,500 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 99, but the fair value of the warrants cannot be determined. a. Prepare the entry to record the issuance of the bonds and warrants. (List debit entry before credit entry. 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 O for the amounts.)
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Shortly after issciance, the bonds were selling at 99 . but the fair value of the warransscanot be determired. a. Prepare the entry to record the ksuance of the bonds and warrants. (Ust debit entry before ordit entry. Crefit occount titles on enter 0 for the amounts. Dec31,2026 Compersation Expense Share Capitat Ordinary Dec 31,2027 Compensation Expense Share Capital-Ordinary Jan3,2028 Paid in Capital Stock Options Common Stock Paid in Capital in Excess of Par - CommonStock May 1. 2028 Cash Paid in Capital Stock Options 182.250 182,250 182250 182,250 Cash Paid in Capitalin Excessot Par Cammonstock. Commen Stock

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