The following information is the same as the previous question. A Company issued a bond payable with detachable warrants on January 1,201 as follows. All bonds are interest due annually with the bond due at maturity. 1 warrant =1 share of $1 par value stock What is the credit to additional paid in capital at the time the warrants are exercised on June 30,201 ? Numeric Response Hint hint \#0 The entry to record the exercise of the warrant options on June 30,201: Number of warrants exercised (given )=5,000 casil - warrants exercised, 5,000 , times stock purchase price; the company gets the cash when shareholders buy additional shares through exercising their right to purchase Equity - Stock Warrants = warrants exercised, 5,000, times recorded value per warrant; the company is removing the ones that have been exercised (debit to Equity - Stock Warrants). The recorded value per warrant = allocation value of the warrants from the previous problem. This is the credit to Equity-Stock Warrants at issuance. Divide that by the number of warrants at play = 20.000 ( 400 bonds times 50 warrants per bond). Common Stock = warrants exercised, 5,000 par value of stock, \$1; problem stated that 1 warrant =1 share of \$1 par value stock Additional Paid-in Capital = PLUG to get entry to balance