Seller Corporation issued 1,400, ten year, 9% bonds for 105 on January 1, 2020. Interest is paid annually. Each $1,000 bond carried a detachable warrant allowing the holder to purchase 260 common shares in Seller at $10 per share, the price at which Seller shares were trading on the day of the sale of the bonds. Similar straight bonds trading on the open market paid 11%. On June 30, 2020, 210 of the bond holders exercised the options to buy the shares.

Prepare the journal entries to record these events.