Answer:
cash 3,000,000 debit
discount on BP 96,600 debit
bonds payable 3,000,000 credit
warrant on Stocks 96,600 credit
Explanation:
bonds face value 3,000,000
warrants 100,000
bonds weights: 3,000,000 / 3,100,000 = 0,9678
warrant weights: 100,000 / 3,100,000 = 0,0322
received 3,000,000
bonds 3,000,000 x .9678 = 2.903.400
warrant 3,000,000 x 0.0322 = 96.600
the difference to blaance the entry will be the bond discount.
