5.A company has outstanding 346 $1,000 bonds, each convertible into 23 shares of $13 par value common stock. The bonds are converted on December 31, 2020, when the unamortized premium is $160,000 and the market price of the stock is $30 per share. For the journal entry made for the conversion, how much is Paid-in Capital in Excess of Par c/s?

6.On January 1, 2020, a company issued $646,000 of 5-year, 14% convertible debentures at 104. Interest is to be paid semiannually on June 30 and December 31. Bond premium/discount is amortized on a straight-line basis. For the journal entry on December 31, 2021, how much is interest expense?