Berlin issued $500,000 of 11.5 % bonds due December 31, 2025, at 102. The bonds pay interest semiannually on June 30 and December 31. Each 1,000-bond carried 20 warrants, and the exchange of two warrants allowed the holder to acquire one share of $10 par common stock for $50. Shortly after the time of issue, the bonds were quoted at 98 ex rights, and each individual warrant was quoted at $5. I have to do two journal entries.