please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

On July 1, 2016, Salem Corporation issued 53 million of 12% bonds payable in 10 years. The bonds pay interest semiannually. The bonds include detachable warrants giving the bondholder the right to purchase for $30, one share of S1 par value common stock at any time during the next 10 years. Salem sold the bonds for 53 million. The value of the warrants at the time of issuance was 5200,000. Required: Frepare in general journal format the entry to record the issuance of the bonds