On 1/1/2003, Ginseng Corp. issues $1,000 of 4% bonds which may be converted into total 100 shares of $5 par value ordinary shares. The market rate of interest is 6%. Interest is payable annually on 12/31, and the bonds were issued at par. The maturity date is 12/31/2007. All the bonds were converted to ordinary shares on 1/1/2004.

The PV taBLES are needed

Please answer the following questions.

[1] Prepare the journal entry on 1/1/2003, based on IFRS.

[2] Prepare the journal entry on 12/31/2003, based on IFRS.

[3] Prepare the journal entry on 1/1/2004, based on IFRS.

show math please