On 1/1/20X1, the Illini issues $20,000 10% ordinary convertible bonds with face value due 12/31/20X3. Bonds are issued at face value. Interest is paid semi-annually on June 30 and December 31. Each $25 bond can be converted into one par $1 common share of Illini. On 1/1/20X2, half of the convertible bonds are converted to Illini common stock.

See instructions and table in this question. Enter the correct numerical figures for the journal entries below:

Project 2.1 Part 2 Journal Entries

Date	Account name (debit)	Account name (credit)	Debit	Credit
1/1/20X1	Money		[A]
		Obligations with the public		[B]
30/6/20X1	Interest expenses		[C]
		Money		[D]
31/12/20X1	Interest expenses		[MI]
		Money		[F]
1/1/20X2	Obligations with the public		[GRAMS]
		Common actions		[H]
		APIC		[I]
30/6/20X2	Interest expenses		[J]
		Money		[K]
31/12/20X2	Interest expenses		[L]
		Money		[METRO]