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On May 1,2025 , Blossom Co. issued $3100000 of 7% bonds at 103 , which...

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Accounting

image On May 1,2025 , Blossom Co. issued $3100000 of 7% bonds at 103 , which are due on April 30,2031 . Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Blossom's $15 par value common stock were attached to each $1000 bond. The bonds without the warrants would sell at 96 . On May 1, 2025, the fair value of Blossom's common stock was $35 per share and of the warrants was $2. On May 1,2025, Blossom will credit Paid-in Capital from Stock Warrants for $217000. $127720. $124000. $120000

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