Current Attempt in Progress Headtand inclued $14.100.000 of 12%. 40 year convertible bonds on November 1, 2020. 3 % plus accrued interest. The bonds were dated July 1, 2020, with interest payable January 1 and July 1. Bond discount (premiumis amortized semiannually on a straight line basis On July 1, 2021. one-halt of these bands were converted into 58.000 shares of S1 par value common stock Accrued interest was paid in cash at the time of conversion Prepare the entry to record the interest expense at December 31, 2020. Assume that accrued interest payable acredited when the bonds were issued. Credit Interest Payable for the full amount due, debit interest Payable for the amount recognized at issuance (Round to nearest dollar Prepare the entry to record the conversion on July 1, 2021. (Book value method is used. Assume that the entry to record amortization of the bond discount and interest payment has been made. bl Credit account titles ore automatically indented when amount is entered. Do not indent manually. If no enery impune elect "Entry the account titles and enter for the amounts. Round answers to decimal 5.125) Debit Credit No. Account Titles and Explanation . 1