E$16-1($Issuance and Conversion of Bonds$)$ For each of the unrelated transactions described below, present entry$($ies$)$ required to record each transaction.

$1.$ Coyle Corp. issued $$10,000,000$ par value $10\%$ convertible bonds at $99.$ If the bonds had not been convertible, the company$$s investment banker estimates they would have been sold at $95.$ Expenses of issuing the bonds were $$70,000.$

$2.$ Lambert Co$.$ issued $$10,000,000$ par value $10\%$ bonds at $98.$ One detachable stock warrant was issued with each $$100$ par value bond. At the time of issuance, the warrants were selling for $$4.$

$3.$ Sepractor Inc, called its convertible debt in $2012.$ Assume the following related to the transaction: The $11\%,10,000,000$ par value bonds were converted into $1,000,000$ shares of $$1$ par value common stock on July $1,2012.$ On July $1,$ there was $$55,000$ of unamortized discount applicable to the bonds, and the company paid an additional $$75,000$ to the bondholders to induce conversion of all the bonds. The company records the conversion using the book value method.