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

Wildhorse Corp. Issued $$20,100,000$ 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 $95.$

Sheffield Company issued $$20,100,000$ 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\%,$$$9,100,000$ par value bonds were converted into $910,000$ shares of $$1$ par value common stock on

July $1,2025.$ On July $1,$ there was $$52,000$ of unamortized discount applicable to the bonds, and the company

paid an additional $$80,000$ 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