Continental Container Corp. has decided to raise additional capital by issuing $300,000 face value of bonds with a coupon rate of 10%. In discussions with their investment bankers, it was determined that to help the sale of the bonds, detachable stock warrants should be issued at the rate of 10 warrants for each $1,000 bond sold. The value of the bonds without the warrants is considered to be $279,000, and the value of the warrants in the market is $10.33333 each. The bonds sold in the market at issuance and the company received $306,000 in cash. Required: Prepare the journal entry to record the issuance of the bonds and warrants