On January 2, 2025, Abrams Falls Inc. issued $30 million 9% bonds due in 2045 at 102. With each $1,000 bond were 20 detachable warrants. Each warrant permitted the holder to buy one share of common stock at $30 per share. After issuance, the warrants were listed at $10 on a stock exchange. The entry to record the bond issuance should include:

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A: Note: Since you have posted a question with multiple sub parts, we will provide the solution only to…

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