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Metlock Limited issued $$35,000,000$ of par value, $7\%$ bonds at $99.$ One detachable stock purchase warrant was issued with each $$100$ par value bond. At the time of issuance, the warrants were selling for $$7.$ Metlock has adopted ASPE. $($Credit account titles are automatically indented when the 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. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

Option $1$: Residual Method

Cash $$

Bonds Payable

Option $2$: Value Equity component at zero