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9. On January 1, 2015, Slug Corporation issued S0.3 millon of 10%, 10-year convertible bonds at 102, The bonds pay interest on June 30 and

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9. On January 1, 2015, Slug Corporation issued S0.3 millon of 10%, 10-year convertible bonds at 102, The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 50 shares of $1 par common stock Fuzz Company purchased 30% of the issue as an investment. On July 1, 2019, Fuzz converted all of its bonds into common stock of Slug. The market price per share for Slug was $35 at the ime of the conversion. Both companies use the straight-line method for amortization. (If no entry is a trar your answers in whole dollars.) 1. Prepare journal entries for the issuance of the bonds on the issuer and the investor books View transaction list Journal entry worksheet Record the ISSUER-Issuance. Note: Enter debits before credits General Journal Debit Credit Record entry Clear entry View general journal 2. Propare the journal entries for the conversion on the books of the issuer and the investor sc FI F2 F3 FS F7

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