For each of the unrelated transactions described below, present the entry(ies) required to record each transaction.

1. Coyle Corp. issued €10,000,000 par value 10% convertible bonds at 99. If the bonds had not been convertible, the company’s investment banker determines that they would have been sold at 95.

2. Lambert Company issued €10,000,000 par value 10% bonds at 98. One share warrant was issued with each €100 par value bond. At the time of issuance, the warrants were selling for €4. The net present value of the bonds without the warrants was €9,600,000.

3. Sepracor, Inc. called its convertible debt in 2015. Assume the following related to the transaction.

The 11%, €10,000,000 par value bonds were converted into 1,000,000 shares of €1 par value ordinary shares on July 1, 2015. The carrying amount of the debt on July 1 was €9,700,000. The Share Premium—

Conversion Equity account had a balance of €200,000, and the company paid an additional €75,000 to the bondholders to induce conversion of all the bonds. The company records the conversion using the book value method.