On April 1, 2009, Workplace Equipment Company authorized the sale of $5,000,000 of 6% convertible bonds with interest payment dates of April 1 and October 1. The bonds were sold on July 1, 2009, and mature on April 1, 2039. The bond discount totaled $398,200. The bond contract entitles the bondholders to receive 20 shares of $1 par value common stock in exchange for each $1,000 bond. On April 1, 2019, $700,000 exercised their conversion feature. On July 1, 2019, Workplace Equipment Company reacquired binds, face value $600,000, on the open market. The balances in the equity accounts as of December 31, 2019, were as follows:

Common stock, $1 par, authorized 3 million shares, issued and outstanding, 300,000 shares = $300,000

Paid-in capital in excess of par = $6,400,000

Market Values of the common stock bonds were as follows:

9 On April 1, 2009, Workplace Equipment Company authorized the sale of $5,000,000 of 6% convertible bonds with interest payment dates of April 1 and October 1. The bonds were sold on July 1, 2009, and mature on April 1, 2039 The bond discount totaled $398,200. The band contract entitles the bondholders to receive 20 shares of S1 par value common stock in exchange for each $1,000 bond. On April 1, 2019, 5700.000 exercised their conversion feature. On July 1, 2019, Workplace Equipment Company reacquired bonds, face value 5600,000, on the open market. The balances in the equity accounts as of December 31, 2019, were as follows: Common stock $1 par, authorized 3 milion shares, issued and outstanding, 300,000 shares $300,000 Paid-in capital in excess of par = 56,400,000 Maket Values of the common stock and bonds were as follows: 20 21 18 Como Shock per here 27 71/1951.30 Prepare journal entries on the issuer's books for each of the following transactions. Use the straight-line amortization method for the bond discount) 11 Sale of the bonds on July 1, 2009 Art Debit Credit 41 en Interest payment on October 1, 2009 Arcot Debit Credit 51 54 CH Interest accrual on December 31, 2009, including bond discount amortization for the six months since the bond Account Dahil Rudi SI Conversion of bonds on April 1, 2019. (Assume that interest and discount amortization are correctly shown as of April, 2019. No gain or loss on conversion is recognized.) Art RSS Reacquisition and retirement of bonds on July 1 2019 (Assume that interest and discount cmortization are correctly reported as of July 1, 2019 Account Rohit Credit 73