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Instructions Prepare the entry(ies) to record the interest expense and conversion on April 30, 2021. Reversing entries were made on January 1, 2021. (Round to

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Instructions Prepare the entry(ies) to record the interest expense and conversion on April 30, 2021. Reversing entries were made on January 1, 2021. (Round to the nearest dollar.) E16.6 (L01) (Conversion of Bonds) On January 1, 2020, Gottlieb Corporation issued $4,000,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into eight shares of Gottlieb Corporation $100 par value com- mon stock afer December 31, 2021. On January 1, 2022, $400,000 of debentures are converted into common stock, which is then selling at $110. An additional $400,000 of debentures are converted on March 31, 2022. The market price of the common stock is then $115. Accrued interest at March 31 will be paid on the next interest date. Bond premium is amortized on a straight-line basis. Instructions Make the necessary joumal entries for: a. December 31, 2021 c. March 31, 2022. b. January 1, 2022 d. June 30, 2022 Record the conversions using the book value method

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