Exercise 16-6 Your answer is partially correct. Try again. On January 1, 2017, Wildhorse Corporation issued S4, 180,000 or 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each1,000 debenture can be converted into 8 shares of Wildhorse Corporation $102 par value common stock after December 31, 2018. On January 1, 2019 $418,000 or debentures are com erted into common stock which is then selling at111. An additional $418,000 of debentures are converted on March 31, 2019. The market price of the common stock is then $116. Accrued interest at March 31 will be paid on the next interest date. Bond premiun is amortized on a straight-line basis Make the necessary journal entries for: (a) December 31, 2018. (e) March 31, 2019. (b) January 1, 2019.(d) June 3D, 2019 Record the conversions using the book value method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to O decimal places, e.g. 5,275.) No. Date Account Titles and Explanation Debit Credit (a) Dec. 31, 2018Interest Expense 1630 Premium on Bonds Payable Cash 167 (b) Jan. 1, 2019Bonds Payable Premium on Bonds Payable Common Stock 341 Paid-in Capital in Excess of Par-Common Stock (e) Mar. 31, 2019 Interest Expense 8151 Premium on Bonds Payable Interest Payable To recard interest expense Mar. 31, 2019 Bonds Payable Premium on Bonds Payable 64 Common Stock 341 Paid-in Capital in Excess of Par-Common Stock 83391 To record the corversion) (d) Jun. 30, 2019 Interest Expense 14713 Premium on Bonds Payable Interest Payable 1471 Click if you would like to Show Work for this question: Open Show Work