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

1. Headland Corp issued $21,400,000 par value, 9% bonds at 97. If the bonds had not been convertible. the company's investment banker estimates they would have been sold at 95.
2. Sage company issued $21,400,000 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 $5.
3. Suppose Sepracor Inc called its convertible debt in 2017. Assume the following related to the transaction. The 10%, 10,000,000 par value bonds were converted into 1,000,000 shares of $1 par value common stock on July 1, 2017. 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.