On May $1,2025,$ Crane Company issued $1,900$$$1,000$ bonds at $102.$ Each bond was issued with one detachable stock warrant. Shortly

after issuance, the bonds were selling at $98,$ but the fair value of the warrants cannot be determined.

a$.$ Prepare the entry to record the issuance of the bonds and warrants. $($List debit entry before credit entry. 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.$)$

Account Titles and Explanation

Debit

Credit

Cash

Discount on Bonds Payable

Bonds Payable

Paid$-$in Capital$-$Stock Warrants

b$.$ Assume the same facts as part $($a$),$ except that the warrants had a fair value of $$23.$ Prepare the entry 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 $0$ for the amounts. Do not round intermediate

calculations. Round answers to $0$ decimal places, e$.$g$.5,125.)$

Account Titles and Explanation

Debit

Credit

Cash

Discount on Bonds Payable

Bonds Payable

Paid$-$in Capital$-$Stock Warrants