JMR LtdIssued $300,000 of 7%, 8 Year, Non-Convertible Bond with Detachable

JMR Ltd.issued $300,000 of 7%, 8 year, non-convertible bond with detachable stock purchase warrants.KER Corp.purchased the entire issue.Each $1,000 bond carries 20 warrants.Each warrant entitles KER to purchase one common share for $20.The bond issue sells for 104 exclusive of accrued interest.Shortly after issuance, the warrants trade for $5 each and there was no market value for the bond.In the journal entry, the amount of the payable for the bond is:

A) $321,000
B) $350,000
C) $339,000
D) $300,000