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can someone plz help me with this problem I'm stuck! On January 1. 2022 Valentino's Pirra isvues 5750.000 of 546 cemertible bonds thut mature inusn

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can someone plz help me with this problem I'm stuck!

On January 1. 2022 Valentino's Pirra isvues 5750.000 of 546 cemertible bonds thut mature inusn IOGs and do not contain a cash settlement clase. Each $1.000 bond is cenvertible into 75 shares of the ccompang"s 51 parzalye Gommon sook. The current market price of Valentings sock is 535 fer share. Valetitino's uses the straight-line mathod to amortise premiums and discounts. On Jely 1th2028 holders of the bonds converted their holdings into commen stosk. The common stock was trading foe $.52 per share on that date. Valentino's ases the book value method so account for bond conversions. Required: 1. Prepare the journal entry to record the bond isvuance on Jamuary 1,2022. 2. Prepare the necessary fournal entries on June 30 and Deccmber 31,2022 . 3. Prepare the necessary joumal entry on July 1,2425.2028

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