Trilium Gold Inc.$$s December $31,2023,$ adjusted trial balance shows the following:

Account Description Balance$*$

Bonds payable, convertible $ $1,190,000$

Premium on bonds payable $15,867$

$*$Assume normal balances.

Required:

$1.$ What is the carrying value of the bonds on December $31,2023?($Round the final answer to the nearest whole dollar.$)$

$2.$ The bonds were converted into $119,000$ common shares on January $1,2024.$ Journalize the entry assuming the market value per common share on this date was $$9\mathrm{.}10.($Round the final answers to the nearest whole dollar.$)$