Whispering Corporation issued $5,500,$ five year, $3\%$ bonds at $105$ on January $1,2023.$ Interest is paid annually. Each $$1,000$ bond

carried one detachable warrant allowing the holder to purchase $100$ common shares in Whispering at $$11$ per share, the price at

which Whispering shares were trading on the day of the sale of the bonds. Similar straight bonds trading on the open market paid $5\%.$

On June $30,2023,1,100$ of 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, eg$.1\mathrm{.}25124$ 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 O for the

amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

Bonds Payable

Contrlbuted Surplus $-$ Stock Warrants

Contrlbuted Surplus $-$ Stock Warrants

Common shares List of AccountsAssistance Used

Accounts Payable

Accounts Receivable

Accumulated Other Comprehensive Income

Bonds Payable

Cash

Common Shares

Compensation Expense

Contributed Surplus $-$ Conversion Rights

Contributed Surplus $-$ Conversion Rights Expired

Contributed Surplus $-$ Expired Stock Options

Contributed Surplus $-$ Stock Options

Contributed Surplus $-$ Stock Warrants

Cost of Goods Sold

Debt Conversion Expense

Debt Retirement Expense

Deficit

Deposits

Derivatives $-$ Deposits

Derivatives $-$ Financial Assets$/$Liabilities

Equipment

Equity $-$ Fixed$-$for$-$fixed Derivative

Fair Value $-$ NI Investments

Finished Goods Inventory

Future Income Tax Liability

Gain

Gain on Redemption of Bonds

Gain on Retirement of Bonds

Gain or Loss on Derivatives

Interest Expense

Interest Income

Interest Payable

Interest Receivable

Inventory

Liability under Share Appreciation Rights Plans

Loss

Loss on Conversion of Bonds

Loss on Redemption of Bonds

Loss on Retirement of Bonds

No Entry

Notes Payable

Notes Receivable

Preferred Shares

Raw Materials

Raw Materials Inventory

Retained Earnings

Sales Revenue

Supplies

Unrealized Gain or Loss

Unrealized Gain or Loss $-$ OCI

Unrealized Holding Gain $-$ Futures Contract