For each of the unrelated transactions described below, present the entries required to record each transaction. 1. 2. 3. Teal Corp. issued $21,000,000 par value 9% convertible bonds at 99. If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 95. Flint Company issued $21,000,000 par value 9% bonds at 98. 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 2020. Assume the following related to the transaction. The 10%, $10,400,000 par value bonds were converted into 1,040,000 shares of $1 par value common stock on July 1, 2020. On July there was $60,000 of unamortized discount applicable to the bonds, and the company paid an additional $71,000 to the bondholders to induce conversion of all the bonds. The company records the conversion using the book value method. the bi (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" fo the account titles and enter O for the amounts.) No. Account Titles and Explanation 1. Cash Discount on Bonds Payable Bonds Payable 2. Cash Discount on Bonds Payable Bonds Payable Pald-In Capital-Stock Warrants 3. Bonds Payable Debt Conversion Expense Discount on Bonds Payable Common Stock Pald-In Capital In Excess of Par - Common Stock Cash Debit 20790000 210000 20580000 1260000 10400000 71000 Credit 21000000 21000000 840000 60000 1040000 9300000 71000