Aylmer follows IFRS

On December 29, 2021, the company issued 750,000 4% 5-year bonds for 110. The bonds were issued to offer a 3% yield. The excess of the amount received compared to the present value was due to the conversion feature. Interest on these bonds is paid annually. NOTE ignore interest accrual for the short time in 2021.

Each $100 bond can be converted into 100 common shares.

Interest is paid annually. This transaction was NOT recorded in the trial balance.

In the Excel spreadsheet make any calculations, including an amortization schedule, and make any journal entries required for year end, 2021