On August 1, 2017, United Corporation issued $10.60 million of 6% convertible bonds at 103. The bonds mature in 20 years. Each $1,000 bond was issued with 15 detachable stock warrants, each of which entitled the bondholder to purchase, for $56, one share of United $5 par common stock. World Company purchased 20% of the bond issue. On August 1, 2017, the market value per share for United stock was $62 and the market value of each warrant was $7. In March 2023, when United common stock had a market price of $76 per share and the unamortized premium balance was $360,000, World exercised the warrants it held. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Required 1. Prepare the journal entries on August 1, 2017, to record (A) the issuance ofthe bonds by United and (B) the investment by World. view transaction list view general journal Journal Entry Worksheet 12 Record for ISSUER-Issuance. Transaction General Journal Debit Credit *Enter debits before credits done clear entry record entry