Bach Company has issued both common and preferred stock. The preferred stock is convertible into common stock. The following information is provided for Bach Company's Stockholders' equity:

Convertible Preferred Stock, $14 par, 25,000 shares issues and outstanding	$350,000
Additional Paid-in Capital in Excess of ParPreferred	100,000
Common Stock, $9 par, 125,000 shares issued and outstanding	1,125,000
Additional Paid-in Capital in Excess of ParCommon	875,000
Retained Earnings	1,600,000

Required:

What is the necessary journal entry if 5,000 shares of preferred are converted under each independent scenario:

a. Preferred shares are convertible into common stock on a share-for-share basis.

b. Each share of convertible preferred stock is convertible into 1.5 shares of common stock.