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

1.		Grand Corp. issued $20,372,000 par value 11% convertible bonds at 97. If the bonds had not been convertible, the companys investment banker estimates they would have been sold at 95. Expenses of issuing the bonds were $76,000.
2.		Hoosier Company issued $20,372,000 par value 11% bonds at 96. One detachable stock warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling for $4.
3.		Suppose Sepracor, Inc. called its convertible debt in 2014. Assume the following related to the transaction: The 12%, $10,434,000 par value bonds were converted into 1,043,400 shares of $1 par value common stock on July 1, 2014. On July 1, there was $58,800 of unamortized discount applicable to the bonds, and the company paid an additional $79,700 to the bondholders to induce conversion of all the bonds. The company records the conversion using the book value method.