The stockholders' equity section of

Whaler Inc. at the beginning of the

current year appears below. Common

stock, $1 par value, authorized

5,000,000 shares, 800,000 shares

issued and outstanding, $800The

stockholders' equity section of Whaler

Inc. at the beginning of the current

year appears below. Common stock,

$1 par value, authorized 5,000,000

shares, 800,000 shares issued and

outstanding, $800,000 Paid-in capital

in excess of par-common stock,

$16,100,000 Retained earnings

260,000 During the current year, the

following transactions occurred: (a)

The company sold to the public a

$1,000,000, 6% bond issue at 106.

The company also issued with each

$1,000 bond two detachable stock

purchase warrants, which provided for

the purchase of common stock at $19

per share. Shortly after issuance,

similar bonds without warrants were

selling at 97 and the warrants at

$4.50. (b) At the end of the year, 60%

of the warrants in part (a) had been

exercised, and the remaining were

outstanding and in good standing.

What are the general journal entries (if

any) to record the transactions listed

above. Round your answer to the

nearest dollar.