Question

On May 1, 2020, Crane Company issued 1,900 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 97, but the fair value of the warrants cannot be determined. (a) Prepare the entry 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 o for the amounts.) Credit Account Titles and Explanation cash Debit 1938000 Discount on Bonds Payable 57000 Bonds Payable 1900000 Paid-in Capital-Stock Warrants 95000 (b) Assume the same facts as part (a), except that the warrants had a fair value of $35. Prepare the entry 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 O for the amounts. Round intermediate calculations to 5 decimal places, e.g. 1.24687 and final answers to O decimal places, e.g. 5,125.) Credit Account Titles and Explanation Cash Debit 1938000 Discount on Bonds Payable 20140 Bonds Payable 1900000 Paid-in Capital-Stock Warrants 67493

Just need the missing answer... cant figure it out.

Answer 1

C B 1 account titles and explanation debit credit 2 cash 19380001 3 Discount on bonds payable 29493 4 bonds payable 19000001 paid-in capital-stock warrants 67493

C credit А. 1 account titles and explanation 2 cash Discount on bonds payable bonds payable paid-in capital-stock warrants B debit 1938000 =C4+C5-B2 1900000 67493