Question: Buffalo Corporation issued 4 , 2 0 0 , five year, 4 % bonds at 1 0 6 on January 1 , 2 0 2

BuffaloCorporation issued4,200, five year,4% bonds at106on January 1,2023. Interest is paid annually. Each $1,000 bond carried one detachable warrant allowing the holder to purchase100common shares inBuffaloat $8per share, the price at whichBuffaloshares were trading on the day of the sale of the bonds. Similar straight bonds trading on the open market paid6%. On June 30,2023,840of 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. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)

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