On 01-01-20, Fred issued $5,000,000 of 4%, 5-year convertible bonds. At the time of issuance, the market rate for similar bonds was 4.5%. The bonds were dated 01-01-20 with interest payable January 01 and July 01. Fred incurred and paid $50,000 of bond issuance costs. On 01-01-22 aftermaking its interest payments, 50% of the bonds were converted into 12,500 shares of Freds $1 par value common stock. At the time of the conversion, one share of Freds common stock was trading for $240 per share. Fred only prepares AJEs every December 31. Prepare the entries Fred should make on:

a. 01-01-20

b. 01-01-22

c. 07-01-24