$10,000 (face value)of bonds was sold with a total of 200 detachable stock warrants attached.Each warrant conveys the right to purchase one common share at a specified price during a specified time period.The market immediately valued the warrants at $2 each.The issue sold for 102.The entry to record the bond issuance would include:
A) dr. bond premium $200
B) dr. owners' equity account $400
C) cr. bonds payable $10,200
D) dr. bond discount $200

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The Answer of $10,000 (face value)of bonds was sold with a total of 200 detachable stock warrants attached.Each warrant conveys the right to purchase one common share at a specified price during a specified time period.The market immediately valued the warrants at $2 each.The issue sold for 102.The entry to record the bond issuance would include:
A) dr. bond premium $200
B) dr. owners' equity account $400
C) cr. bonds payable $10,200
D) dr. bond discount $200

$10,000 (Face Value)of Bonds Was Sold with a Total of 200