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For each of the unrelated transactions described below, present the entries required to record each transaction.

Sheffield Corp. issued $$20,400,000$ par value $9\%$ convertible bonds at $98.$ If the bonds had not been convertible, the company's investment banker estimates they would have been sold at $95.$

Tamarisk Company issued $$20,400,000$ par value $9\%$ bonds at $97.$ One detachable stock purchase warrant was issued with each $$100$ par value bond. At the time of issuance, the warrants were selling for $$4.$

Suppose Sepracor, Inc. called its convertible debt in $2025.$ Assume the following related to the transaction. The $10\%,$ $$9,900,000$ par value bonds were converted into $990,000$ shares of $$1$ par value common stock on July $1,2025.$ On July $1,$ there was $$51,000$ of unamortized discount applicable to the bonds, and the company paid an additional $$68,000$ to the bondholders to induce conversion of all the bonds. The company records the conversion using the book value method.

$($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.