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G issued $4,000,000 of 6%, 3-year convertible bonds on 07-01-14 when the market rate for similar bonds was 6.5%. The bonds were dated 07-01-14 with

  1. G issued $4,000,000 of 6%, 3-year convertible bonds on 07-01-14 when the market rate for similar bonds was 6.5%. The bonds were dated 07-01-14 with interest payable January 01 and July 01. G incurred and paid $47,000 of bond issuance costs. On 07-01-16 after making all of its interest payments, 50% of the bonds were converted into 8,000 shares of Gs $1 par value common stock. G only prepares AJEs every December 31. Prepare the entries G should make on:
  1. 07-01-14
  2. 12-31-14
  3. 01-01-15
  4. 07-01-15
  5. 12-31-15
  6. 01-01-16
  7. 07-01-16
  8. 12-31-16
  9. 01-01-17
  10. 07-01-17

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