CBA Co issued $3,000,000 of 10% (stated rate), 10 -year convertible bonds at par of $100 on April 1st,,2019, sold for $2,940,000 with interest payable semi-annually on April and October 1st.. The present value of the liability component (bonds) at the issuance date was $2,655,888 discounted at 12% (Market rate). Rnnds Amnrtisation Srhediule Note: Fill the table before start solving 1. The journal entry to issue the bonds will include: a. debit cash by $3,000,000 b. debt bonds payable by $2,655,888 c. credit share premium - conversion equity by $284,112 d. credit cash by $2,940,000 2. Interest expense to pay on April 1st2020 is: a. $159,914 b. $319,829 c. $180,000 d. $132,795 3. Assuming that each bond is convertible into 10 ordinary shares at par of $2, the bonds are convertible into: a. 300,000 ordinary shares b. 265,589 ordinary shares c. 3,000,000 ordinary shares d. All incorrect 4. On April 1st2020 CBA Co converted all bonds into ordinary shares. The journal entry to record bonds conversion will include: a. credit bonds by $2,675,155 \& share premium \& conversion equity by $284,112 b. credit share capital ordinary by $600,000 \& share premium - ordinary by $2,400,000 c. credit share capital ordinary by $600,000 \& share premium - ordinary by $2,359,267 d. All incorrect