mplex Instrumel chapelle Drilling Inc., which follows IFRS, offers ten-year, 6% convertible bonds (p mually on the bonds. Each $ 1,000 bond may be converted into 50 common shares per share. Similar straight bonds carry an interest rate of 8%. One thousand bond ructions Assume Lachapelle Drilling Ltd. decides to use the residual method and m amount to be allocated to the bond and to the option. Prepare the journal entry at date of issuance of the bonds under IFRS. Assume that after six years, when the carrying amount of the bonds was $ vertible debt decided to convert their convertible bonds before the bond maturity ecord the conversion. How many shares were issued at the conversion? mplex Instrumel chapelle Drilling Inc., which follows IFRS, offers ten-year, 6% convertible bonds (p mually on the bonds. Each $ 1,000 bond may be converted into 50 common shares per share. Similar straight bonds carry an interest rate of 8%. One thousand bond ructions Assume Lachapelle Drilling Ltd. decides to use the residual method and m amount to be allocated to the bond and to the option. Prepare the journal entry at date of issuance of the bonds under IFRS. Assume that after six years, when the carrying amount of the bonds was $ vertible debt decided to convert their convertible bonds before the bond maturity ecord the conversion. How many shares were issued at the conversion