For each of the unrelated transactions described below, present the entries required to record each transaction. Novak Corp. issued $18,800,000 par value 11% convertible bonds at 99 . If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 95 . Splish Company issued $18,800,000 par value 11% 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 2025. Assume the following related to the transaction. The 12%, $10,100,000 par value bonds were converted into 1,010,000 shares of $1 par value common stock on July 1, 2025