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a. Provide the entry for Stonewall Corporation on January 1 for the bond issuance. begin{tabular}{|c|c|c|c|} hline Date & Account Name & Debit & Credit
a. Provide the entry for Stonewall Corporation on January 1 for the bond issuance. \begin{tabular}{|c|c|c|c|} \hline Date & Account Name & Debit & Credit \\ \hline \multirow[t]{4}{*}{ Jan. 1} & x & 0 & 0 \\ \hline & & 0 & 0 \\ \hline & & 0 & 0 \\ \hline & To record bond issuance. & & \\ \hline \end{tabular} stock was selling at \$125 per share. Use the book value method. \begin{tabular}{|c|c|c|c|} \hline Date & Account Name & Debit & Credit \\ \hline \multirow[t]{5}{*}{ Dec. 31} & v & 0 & 0 \\ \hline & & 0 & 0 \\ \hline & v & 0 & 0 \\ \hline & v & 0 & 0 \\ \hline & To record bond conversion. & & \\ \hline \end{tabular}
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