Hoffman Corporation issued $$50$ million of $6\%,10-$year bonds at $102.$ Each of the $50,000$ bonds was issued with $11$ detachable stock warrants, each of which entitled the bondholder to purchase, for $$22,$ one share of $$1$ par common stock. At the time of sale, the market value of the common stock was $$27$ per share and the market value of each warrant was $$6.$

Prepare the journal entry to record the issuance of the bonds.