ShamrockCorporation issued1,900, ten year,6% bonds for104on January 1, 2020. Interest is paid annually. Each $1,000bond carried a detachable warrant allowing the holder to purchase280common shares inShamrockat $11per share, the price at whichShamrockshares were trading on the day of the sale of the bonds. Similar straight bonds trading on the open market paid10%. On June 30, 2020,190of the bond holders exercised the options to buy the shares.

Prepare the journal entries to record these events.(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when the amount is entered.Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 1

June 30