## Answers

Answer | |||

Value assigned to bonds | $ 139,050 | 154500/(142200+15800)*142200 | |

Value assigned to warrants | $ 15,450 | 154500/(142200+15800)*15800 | |

a) | |||

Account Title | Debit | Credit | |

Cash | $ 154,500 | ||

Discount on Bonds Payable | $ 38,950 | 178000-139050 | |

Bonds Payable | $178,000 | ||

Paid-in Capital - Stock Warrants | $ 15,450 | ||

b1) | |||

Account Title | Debit | Credit | |

Cash | $ 154,500 | ||

Discount on Bonds payable | $ 23,500 | 178000-154500 | |

Bonds payable | $178,000 | ||

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