Shurwood Ltd$.$ issued $5,220,0006\%,10-$year, nonconvertible bonds with detachable warrants for $$5,360,000.$ Shortly after issuance,

the warrants trade for $$316,000$ in total, and the bonds were trading at $96,$ or $$5,130,000,$ ex$-$warrants $($i$.$e$.,$ without warrants attached$).$

Required:

Provide the journal entry to record the transactions. $($Round the intermediate calculations to one decimal place and Round the

final answers to nearest dollar amount. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first

account field.$)$

Provide the journal entry to record the first payment of interest on the convertible bond assuming that the bonds pay interest

annually. Effective interest rate is $6\mathrm{.}45\%.($Round percent answers to two decimal places of percentage and Round the final answers

to nearest dollar amount. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account

field.$)$