20 On January 1, 2021, Fowl Products issued $84 million of 7% 10-year convertible bonds at a net price of $86.0 million. Fowl recently issued similar but nonconvertible, bonds at 97 (that is, 97% of face amount. The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 25 shares of Fowl's no por common stock, Fowl records interest by the straight line method On June 1, 2023, Fowl notified bondholders of its intent to call the bonds at face value plus a 2% call premium on July 1, 2021. By June 30 all bondholders had chosen to convert their bonds into shares as of the interest payment date. On June 30, Fowl paid the semiannual interest and issued the requisite number of shares for the bonds being converted Required: 1. Prepare the journal entry for the issuance of the bonds by Fowl 2. Prepare the journal entry for the June 30 2021, interest payment. 3. Prepare the journal entries for the June 30, 2023, interest payment by Fowl and the conversion of the bonds (book value method) Complete this question by entering your answers in the tabs below. Required 3 Prepare the journal entry for the nuance of the for the convertible bonds by For o Journal ontry required in the first account field Enter your answer in whole View transaction t x 5 T ared 11 Required 2 Required 3 Sent Help Save & Exit Submit are the journal entry for the issuance of the for the convertible bonds by Fowl. (fo urnal entry required" in the first account field. Enter your answer in whole dollars.) transaction fist ournal entry worksheet 0 Record the issuance of the convertible bonds by Fowl. te Enter debts be Date anwy 01, 2021 C x 5 B General Journal Debit Credi < Prev Next > 10 PIT 6 & 7 8 9 O G H JOO B N M K Saved Help Save & Exit Submit epare the journal entry for the June 30, 2023, Interest payment for the convertible ansaction/event, select "No journal entry required" in the first account field. Enter y View transaction list Journal entry worksheet Record the June 30, 2021, interest payment for the convertible bonds. Note: Enter debits before treats Date June 30, 2021 General Journal Debit Credit Recond entry Clear entry < Prev 4 of 34 Next > % 5 19 B T 6 2 e 17 & 8 Y U 29 9 G H J K View general 4- F Seved Help Save & Exit Submit are the journal entries for the Jude 30, 2023, Interest payment by Fowl and the com. is required for a transaction/event, select "No journal entry required" in the first or w transaction list ournal entry worksheet Record the June 30, 2023, interest payment for the convertible bonds. Enter debts before credits Date June 30.2023 General Journal Debit Credit View general jou Record entry Clear entry C % T 6 < Prev 434 Next >> - C &7 8 C 9 10 O G H K L