Fort Company issued $6,100$ of its $$1,000$ par value bonds for $$1,540,$ providing total cash proceeds of $$9,394,000.$ The market price of Fort's common shares on the date that it

issued the bonds was $$26$ per share. It sold the bonds with $305,000$ detachable warrants to acquire $305,000$ shares of the company's $$2$ par value common stock for $$26$ per

share. That is$,$ each bond carried $50$ warrants $6,100$ bonds $=305,000$ shares. Fort had existing bonds outstanding that trade without warrants at $$1,300.$ Prepare the journal entry

to record the issuance of the bonds assuming that the incremental method is used and the market value of the warrants is not reasonably determinable. $($Record debits first, then

credits. Exclude explanations from any journal entries.$)$