Can you help with this problem? I need help with the JE.

On January 1, Year 1, Acorn Financial Corp. issued 800 convertble bonds. Each $1,000 face value bond is convertble into 5 shares of common stock. The bonds have a 10 year term to maturity and pay interest semiannually. Acorn's common stock has a par value of $20.00 per share. The bonds have a stated interest rate of 4% and pay interest semiannually. The convertble bonds were sold for $875,500. Bond issue costs of $50,000 will be subtracted from the bond sale proceeds to be received by Acorn. The bonds were sold to yield a market interest rate of 3%. Acorn will use the effective interest method to amortze the bond discount and/or premium. Round all amounts to the nearest dollar. Number of bonds Face Value per bond Bond price Issue costs Bond term Stated interest Rate Market interest rate Common stock par value Conversion ratio (# of shares of stock per bond) 800 1,000 800,000 50,000 10 4% 3% 20 4,000 Requirement 1: Record the journal entry for the issurance of the convertble bonds on January 1, Year 1. Acount Title Cash Bond Payable Debit 800,000 Credit 800,000 Requirement 2 : Record the journal entries on June 30, Year 1 to recognize interest expense and the amortzaton of the bond issue cost for the first 6 months of year 1. Acount Title Debit Credit Debit Credit Interest expense = Interest payment = Acount Title Requirement 3 : Record the journal entries on December 31, Year 1 to recongize interest expense and the amortzaton of the bond issue cost for the second half of Year 1. Acount Title Debit Credit Debit Credit Book Value = Interest expense = Interest payment = Acount Title Requirement 4 (1 Point): Assume that the bonds are converted on January 1, Year 2 and Acorn uses the book value method to account for the conversion of bonds into common stock. Record the journal entry for the conversion. Acount Title Debit Credit Book value = Unamortzed premium = Bond issue cost (unamortzed porton)= Requirement 5 (1 Point) : Assume that the bonds are converted on January 1, Year 2 and Acorn uses the market value method to account for the conversion of bonds into common stock. Assume the market price of the common stock on the date of conversion was $250 per share. Record the journal entry for the conversion. Acount Title Debit Credit