Answer all entries please !

Assume that a foreign company using IFRS is owned by a company using US GAAP Thus, IFRS balances must be converted to US GAAP to prepare consolidated financial statements. Ignore income taxes. Izmir AS issued convertible bonds at their face value of 137,000 lira on December 31, 2020. The bonds have a 10-year life with interest of 10 percent payable annually. At the date of issue, the prevailing interest rate for similar debt without a conversion option was 12 percent Required: a. Prepare journal entries for this compound financial instrument for the year ending December 31, 2020, under (1) IFRS and (2) U.S. GAAP b. Prepare the entryties) that the U.S. parent would make on the December 31, 2020, conversion worksheet to convert IFRS balances to US GAAP Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries for this compound financial instrument for the year ending December 31, 2020, under (1) IFRS and (2) U.S. GAAP. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round PV factor to 7 decimals. Round your intermediate and final answers to nearest whole dollar.) View transaction list Journal entry worksheet Record the entry for the issue of bonds as per IFRS Note: Enter debits before credits. Credit Date General Journal 12/31/2020 Cash Bonds payable Additional paid in capital - Convertible bonds Debit 137,000 44, 110 92,890 Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries for this compound financial instrument for the year ending December 31, 2020, under (1) IFRS and (2) U.S. GAAP. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round pv factor to 7 decimals. Round your intermediate and final answers to nearest whole dollar.) View transaction list Journal entry worksheet