Question: On July 1 , 2 0 2 5 , Robert William Co . issued ( $ 3 , 0 0 0 , 0

On July 1,2025, Robert William Co. 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 is not known in this moment.
Instructions: Using the incremental method, calculate the value of the bonds and the warrant and then make the journal entry.
On July 1,2025, Robert William Co. issued \(\$ 3,000,000\) of \(9\%\)

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