. On February 1, 2018, Ellison Co. issued eight-year bonds with a face value of $10,000,000 and a stated interest rate of 9%, payable semiannually on July 1 and January 1. The bonds were sold to yield 10%. The bonds are callable at 101 and convertible.

1. The issue price of the bonds is
2. Record the journal entries for February 2018 at issuance and July 1.
3. Using the info above, assume that are called at 101 on Dec 31, 2024.