On July 1, 2012, Roberts Corporation issued $3,000,000 of 9% bonds payable in 20 years. The bonds include detachable warrants giving the bondholder the right to purchase for $30 one share of $1 par value common stock at any time during the next 10 years. The bonds were sold for $3,000,000. The value of the warrants at the time of issuance was $100,000.
Required:
A) Prepare the journal entry to record this transaction.

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.

c

explanation:

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )