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

Nash Corp. issued $$21,300,000$ par value $10\%$ convertible bonds at $98.$ If the bonds had not been convertible, the company's

investment banker estimates they would have been sold at $95.$

Crane Company issued $$21,300,000$ par value $10\%$ 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.$

Suppose Sepracor, Inc. called its convertible debt in $2025.$ Assume the following related to the transaction. The $11\%,$

$$10,200,000$ par value bonds were converted into $1,020,000$ shares of $$1$ par value common stock on July $1,2025.$ On July $1,$

there was $$59,000$ of unamortized discount applicable to the bonds, and the company paid an additional $$69,000$ 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. If

no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

Cash

Discount on Bonds Payable

Bonds Payable

Cash

Discount on Bonds Payable

Bonds Payable

Paid$-$in Capital in Excess of Par $-$ Common Stock

Bond Conversion Expense

Bonds Payable

Common Stock

Paid$-$in Capital in Excess of Par $-$ Common Stock

Debit

$20874000$

Credit

$8983000$

Discount on Bonds Payable