Exhibit 14-8 Yoho Corp

Multiple Choice

Exhibit 14-8 Yoho Corp. issued $500,000 of its ten-year 6% bonds at 104. Each $1,000 bond carries ten warrants. Each warrant allows the holder to purchase one share of $10 par common stock for $50. Following the sale, relevant market values were:
-Refer to Exhibit 14-8. The entry to record the exercise of 1,500 warrants would include a

A) debit to Cash for $15,000
B) debit to Common Stock for $15,000
C) credit to Additional Paid-in Capital on Common Stock for $79,500
D) debit to Common Stock Warrants for $15,000