The following are unrelated transactions. Present the required entries to record each of the transactions.

a. On March 1, 2020, Cullumber Corporation issued $300,000 of 6% non-convertible bonds at 105, which are due on February 28, 2040. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one of Cullumbers no par value common shares for $50. The bonds without the warrants would normally sell at 94. Cullumber prepares its financial statements in accordance with IFRS.

Account Titles and Explanation	Debit	Credit

b, Riverbed Corp. issued $10,000,000 of par value, 7% convertible bonds at 98. If the bonds had not been convertible, the companys investment banker estimates they would have been sold at 92. Riverbed Corp. has adopted ASPE, and would like to explore all options available to report the convertible bond.

Account Titles and Explanation	Debit	Credit
Option 1: Residual Method
Option 2: Value Equity component at zero

c. Marin Limited issued $23,000,000 of par value, 5% bonds at 99. One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling for $7. Marin Limited has adopted ASPE.

Account Titles and Explanation	Debit	Credit
Option 1: Residual Method
Option 2: Value Equity component at zero

d. On July 1, 2020, Tien Limited called its 7% convertible bonds for conversion. The $39,000,000 of par value bonds were converted into 3,900,000 common shares. On July 1, there was $75,000 of unamortized discount applicable to the bonds, and the company paid an additional $65,000 to the bondholders to induce conversion of all the bonds. At the time of conversion, the balance in the account Contributed SurplusConversion Rights was $220,000, and the bonds fair value (ignoring the conversion feature) was $38,955,000. The company records conversion using the book value method. a) IFRS: b) ASPE:

e) On December 1, 2020, Horton Company issued 400 of its $1,000, 7% bonds at 105. Attached to each bond was one detachable stock warrant entitling the holder to purchase 10 of Hortons common shares. On December 1, 2020, the fair value of the bonds, without the stock warrants, was 95. Horton Company prepares its financial statements in accordance with IFRS.