On December 1, Y4, Boston Corp. issued $5,425,000 (par value), 10.25%, 5-year convertible bonds for $6,038,000. Interest is payable December 1 and June 1. If the bonds had not been convertible, they would have sold for $5,775,000. Bond premium/discount is amortized each interest period on a straight-line basis. Boston reports under IFRS. Boston's fiscal year end is September 30. On June 1, Y6, 38% of these bonds were converted into 175,000 no par common shares. At that time shares were trading at $10 per share. Instructions a. Prepare the entry to record the issue of the bonds on December 1, Y4. b. Prepare the entry to record the conversion on June 1, Y6. Date Account Name Debit Credit Date Account Name Debit Credit