Tamarisk Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable...
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Tamarisk Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 97, and the warrants had a market price of $33. Use the proportional method to record the issuance of the bonds and warrants. (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. Round your answers to 0 decimal places, e.g. 5,125.)
| Account Titles and Explanation | Debit | Credit |
|---|---|---|
| Cash | 2020000 |
|
| Discount on Bonds Payable |
| |
| Bonds Payable |
| 2000000 |
| Paid-in Capital-Stock Warrants |
|
|
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