Marigold Corporation issued 2,100, ten year, 7% bonds for 104 on January 1, 2020. Interest is paid annually. Each $1,000 bond carried a detachable warrant allowing the holder to purchase 280 common shares in Marigold at $7 per share, the price at which Marigold shares were trading on the day of the sale of the bonds. Similar straight bonds trading on the open market paid 10%. On June 30, 2020, 105 of the bond holders exercised the options to buy the shares. Prepare the journal entries to record these events

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