Please use accounts provided

Exercise 16-1 For each of the unrelated transactions described below, present the entries required to record each transaction. 1. Pina Corp. issued $21,600,000 par value 11% convertible bonds at 97, If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 95. 2. Grouper Company issued $21,600,000 par value 11% bonds at 96, One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling for $4. 3. Suppose Sepracor, Inc. called its convertible debt in 2017. Assume the following related to the transaction. The 1296, $10,900,000 par value bonds were converted into 1,090,000 shares of 1 par value common stock on July 1, 2017, On July 1, there was $55,000 of unamortized discount applicable to the bonds, and the company Paid an additional $78,000 to the bondholders to induce conversion of all the b nds. The company records the conversion using the b ok valuc method (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Debit Credit 1. 2. 3