No. Date Account Titles and Explanation Debit Credit a. 2026 b. Jan.1,2027 (To record the conversion) d. Jun. 30 , c. Mar.31 (To record interest expense) Mar.31.2027 On January 1, 2025, Sunland Corporation issued $4,260,000 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 8 shares of Sunland Corporation $100 par value common stock after December 31,2026. On January 1, 2027, \$426,000 of debentures are converted into common stock, which is then selling at \$110. An additional $426,000 of debentures are converted on March 31, 2027. 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. Make the necessary journal entries for: a. December 31,2026. c. March 31,2027. b. January 1,2027. d. June 30,2027