On August 1, 2025, United Corporation issued $9.80 million of 10% convertible bonds at 104. The bonds mature in 10 years. Each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase, for $48, one share of United $5 par common stock. World Company purchased 15% of the bond issue. On August 1, 2025, the market value per share for United stock was $54 and the market value of each warrant was $5. In March 2031, when United common stock had a market price of $68 per share and the unamortized premium balance was $280,000, 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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. View transaction list Journal entry worksheet < 1 2 Record the entry for the issuance of the bonds by United. Note: Enter debits before credits. Transaction (A) General Journal Debit Credit