On August 1, 2025, United Corporation issued $10 million of 8% convertible bonds at 105 . The bonds mature in 20 years Each $1,000 bond was issued with 20 detachable stock warrants, each of which entited the bondholder to purchase, for $50, one share of United $5 par common stock. World Company purchased 10% of the bond issue. On August 1,2025 , the market value per share for United stock was $56 and the market value of each warrant was $6. In March 2031, when United common stock had a market price of $70 per share and the unamortized premlum balance was $300,000. World exercised the warrants it held Required: 1. Prepare the journal entries on August 1, 2025, to record (A) the issuance of the bonds by United and (B) the investment by World 2. Prepare the journal entries for both companies in March 2031 to record the exercise of the warrants. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the journal entries on August 1, 2025, to record (A) the issuance of the bonds by United and (B) the investment by World. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field, Round your intermediate and final answers to the nearest whole dollar amount. Enter your answers in dollars and not in millions.) Prepare the journal entries for both companies in March 2031 to record the exercise of the warrants. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Round your intermediate and final answers to the nearest whole dollar amount. Enter your answers in dollars and not in millions