Hoffman Corporation issued $$55$ million of $7\%,15-$year bonds at $104.$ Each of the $55,000$ bonds was issued with $12$ detachable stock warrants, each of which entitled the bondholder to purchase, for $$24,$ one share of $$1$ par common stock. At the time of sale, the market value of the common stock was $$29$ per share and the market value of each warrant was $$5.$

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