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In: AccountingOn September 1, 2017, Whispering Company sold at 104 (plus accruedinterest) 5,880 of its 8%,...On September 1, 2017, Whispering Company sold at 104 (plus accruedinterest) 5,880 of its 8%, 10-year, $1,000 face value,nonconvertible bonds with detachable stock warrants. Each bondcarried two detachable warrants. Each warrant was for one share ofcommon stock at a specified option price of $13 per share. Shortlyafter issuance, the warrants were quoted on the market for $3 each.No fair value can be determined for the Whispering Company bonds.Interest is payable on December 1 and June 1. Bond issue costs of$24,100 were incurred.Prepare in general journal format the entry to record the issuanceof the bonds. (Credit account titles are automaticallyindented when amount is entered. Do not indent manually. If noentry is required, select "No Entry" for the account titles andenter 0 for the amounts.)Account TitleDebitCreditAttached are Account Titles:Bond Conversion ExpenseBond Interest ExpenseBonds PayableCashCompensation ExpenseCommon StockConvertible Preferred StockDebt Conversion ExpenseDiscount on Bonds PayableIncome SummaryIncremental CashInsurance ExpenseInterest ExpenseInterest PayableInterest ReceivableLiability under Stock Appreciation PlanNo EntryPaid-in Capital in Excess of Par - Common StockPaid-in Capital in Excess of Par - Preferred StockPaid-in Capital-Expired Stock OptionsPaid-in Capital-Stock OptionsPaid-in Capital-Stock WarrantsPremium on Bonds PayablePreferred StockRetained EarningsUnamortized Bond Issue CostsUnearned Compensation