On May $1,2020,$ Swifty Company issued $2,000$ $$1,000$ bonds at $102.$ Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at $97,$ but the fair value of the warrants cannot be determined.

$($a$)$ Prepare the entry to record the issuance of the bonds and warrants. $($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.$)$

$($b$)$ Assume the same facts as part $($a$),$ except that the warrants had a fair value of $$38.$ Prepare the entry to record the issuance of the bonds and warrants. $($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 $0$ for the amounts. Round intermediate calculations to $5$ decimal places, e$.$g$.1\mathrm{.}24687$ and final answers to $0$ decimal places, e$.$g$.5,125.)$

Account Titles and Explanation

Debit

Credit