How to solve

Current Attempt in Progress

On January $1,2023,$ Carla Vista Corp. issued $$1\mathrm{.}090$ million of five$-$year, zero$-$interest$-$bearing notes along with warrants to buy $1\mathrm{.}02$

million common shares at $$22$ per share. On January $1,2023,$ Carla Vista had $9\mathrm{.}3$ million common shares outstanding and the market

price was $$21$ per share. Carla Vista received $$1\mathrm{.}02$ million for the notes and warrants. If offered alone, on January $1,2023,$ the notes

would have been issued to yield $11\%$ to the creditor. Assume that the company follows IFRS.

$($a$)$

Your answer is correct.

Prepare the journal entry to record the issuance of the zero$-$interest$-$bearing notes and warrants for the cash consideration that

Prepare the journal entry required for Carla Vista if a quarter of the warrants are exercised on January $1,2026.($Credit account

titles are automatically indented when the amount is entered. Do not indent manually. Round answers to $0$ decimal places, e$.$g$.5,275.$ 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.$)$