A) For each of the unrelated situations described below, prepare the entry(ies) required to record the transactions. All companies are reporting under IFRS.

1. On September 1, 2019, Boston Price Ltd. issued 100,000 rights to the shareholders. Ten rights are needed to buy one share at $32 and the rights are void after 30 days. The shares market price at the time of issuance was $34 per share. All but 10,000 of the rights issued were exercised prior to expiry on September 30, 2019.
2. On November 1, 2019, Denzel Washington Inc. issues 10% convertible bonds, par $1,000,000, at 97. The investment banker indicates that if the bonds had not been convertible they would have sold at 94. The value of the conversion rights is estimated at $4,500.

B) Assume that Denzel Washington Inc. in (c) above is reporting under ASPE, describe with the use of general journal entry the option(s) available to record this transaction.