On January 1, 2020, Oriole Corp. issued $1,120,000 of five-year, zero-interest-bearing notes along with warrants to buy 1,020,000 common shares at $22 per share. On January 1, 2020, Oriole had 9.3 million common shares outstanding and the market price was $21 per share. Oriole Corp. received $1,020,000 for the notes and warrants. If offered alone, on January 1, 2020, the notes would have been issued to yield 10% to the creditor. Assume that the company follows IFRS. Prepare the journal entry to record the issuance of the zero-interest-bearing notes and warrants for the cash consideration that was received. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,250.) Date Account Titles and Explanation January 1, 2020 eTextbook and Media List of Accounts Debit Credit