Houston Co$.$ issues $$500$ million in bonds on January $1,2024$ to expire in $7$ years. Interest is paid semi$-$annually on June $30$ and December $31.$ The

bonds are convertible into $10$ shares of no$-$par common stock. The coupon $($stated$)$ rate is see below and the yield is see below.

a$.$ Calculate the price and prepare the amortization table the $$500$ million bonds issued by Houston Co$.($PV factors below$)$

b$.$ Prepare the journal entry at issuance for Houston Co$.$

c$.$ Prepare the interest expense entries at $\frac{6}{30}\frac{?}{24}$ for Houston Co$.$

d$.$ Assuming that $$50$ million of the bonds are converted into $1,000,000$ shares of common stock on after $3$ years $(6$ periods$)$ on December $31,2026,$

prepare the entry to record the conversion.

e$.$ Jackonville Inc. buys $$1$ million $($face$)$ of the bonds at issue. Prepare the journal entry to record the purchase for Jacksonville Inc. at $1/1/24.$