Question: Question 2 3 pts On January 2 , Year 1 , BlueWater Inc. issued $ 1 5 million 6 % bonds due in 2 0

Question 2
3 pts
On January 2, Year 1, BlueWater Inc. issued $15 million 6% bonds due in 2020 at 103. With each $1,000 bond were 15 detachable warrants. Each warrant permitted the holder to buy one share of common stock at $26 per share. After issuance, the warrants were listed at $6 on a stock exchange. The entry to record the bond issuance should include:
Debit to Discount on Bonds Payable for $1,350,000
Debit to Discount on Bonds Payable for $900,000
None of the other answers
Credit to Discount on Bonds Payable for $1,350,000
Debit to Premium on Bonds Payable for $900,000
Question 2 3 pts On January 2, Year 1, BlueWater Inc.

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