On January 1, 2018, HTL Manufacturers issued $100 million of 8% bonds due 2022 at 103. Accompanying each $100 bond were 20 warrants. Each warrant permitted the holder to buy one share of $1 par value common stock at $25 per share. The bonds have a separate market price of 94 and shortly after issuance, the warrants were listed on the stock exchange at $3 per warrant. Required: Prepare the journal entry to record the bond issue.