Question: Metlock Corporation issued 2 , 0 0 0 $ 1 , 0 0 0 bonds at 1 0 1 . Each bond was issued with

Metlock Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the
bonds were selling in the market at 99, and the warrants had a market price of $38.
Use the proportional method to record the issuance of the bonds and warrants. (List all debit entries before credit entries. Credit account
titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles
and enter O for the amounts. Do not round intermediate calculations. Round your answers to 0 decimal places, e.g.5,125.)
Discount on Bonds Payable
Bonds Payable
Debit Credit
Paid-in Capital-Stock Warrants
 Metlock Corporation issued 2,000 $1,000 bonds at 101. Each bond was

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