Coronado Corporation issued 6,000, five year, 3% bonds at 103 on January 1, 2023. Interest is paid annually. Each $1,000 bond carried one detachable warrant allowing the holder to purchase 100 common shares in Coronado at $9 per share, the price at which Coronado shares were trading on the day of the sale of the bonds. Similar straight bonds trading on the open market paid 6%. On June 30, 2023, 1,200 of the bond holders exercised the options to buy the shares. Prepare the journal entries to record these events.

Date	Account Titles and Explanation	Debit	Credit
Cash	enter an account title Correct answer	enter a debit amount Correct answer	enter a credit amount Correct answer
Bonds Payable	enter an account title Correct answer	enter a debit amount Incorrect answer	enter a credit amount
Contributed Surplus - Stock Warrants	enter an account title Correct answer	enter a debit amount Incorrect answer	enter a credit amount
Cash	enter an account title Correct answer	enter a debit amount Correct answer	enter a credit amount Correct answer
Contributed Surplus - Stock Warrants	enter an account title Correct answer	enter a debit amount Incorrect answer	enter a credit amount Incorrect answer
Common Shares	enter an account title Correct answer	enter a debit amount Incorrect answer	enter a credit amount