On January 1 , 2 0 2 3 , Oriole Corporation, which follows ASPE, issued a series of 5 0 3 convertible bonds, maturing in five years The face amount of each bond was $ 1 , 0 0 0 Oriole received $ 5 3 1 , 3 0 0 for the bond issue The bonds paid interest every December 3 1 at 5 the market interest rate for bonds with a comparable level of risk was 6 The bonds were convertible to common shares at a rate of ten common shares per bond Oriole amortized bond premiums and discounts using the effective interest method, and the company s year end was December 3 1 On January 1 , 2 0 2 4 , 1 0 1 of the bonds were converted into common shares On June 3 0 , 2 0 2 4 , another 1 0 1 bonds were converted into common shares The bondholders chose to forfeit the accrued interest on these bonds On January 1 , 2 0 2 5 , when the fair value of the bonds was $ 2 9 6 , 3 0 0 due to a decrease in market interest rates, a conversion inducement of $ 2 0 bond was offered to the remaining bondholders to convert their bonds to common shares All of the remaining 3 0 1 bonds were converted into common shares at that time a Prepare the journal entry at January 1 , 2 0 2 3 b Prepare the journal entry at December 3 1 , 2 0 2 3 c Prepare the journal entry at January 1 , 2 0 2 4 d Prepare the journal entry at June 3 0 , 2 0 2 4 e Prepare the journal entry at December 3 1 , 2 0 2 4 f Prepare the journal entry at January 1 , 2 0 2 5 On January 1 , 2 0 2 3 , Oriole Corporation, which follows ASPE, issued a series of 5 0 3 convertible bonds, maturing in five years The face amount of each bond was $ 1 , 0 0 0 Oriole received $ 5 3 1 , 3 0 0 for the bond issue The bonds paid interest every December 3 1 at 5 the market interest rate for bonds with a comparable level of risk was 6 The bonds were convertible to common shares at a rate of ten common shares per bond Oriole amortized bond premiums and discounts using the effective interest method, and the company s year end was December 3 1 On January 1 , 2 0 2 4 , 1 0 1 of the bonds were converted into common shares On June 3 0 , 2 0 2 4 , another 1 0 1 bonds were converted into common shares The bondholders chose to forfeit the accrued interest on these bonds On January 1 , 2 0 2 5 , when the fair value of the bonds was $ 2 9 6 , 3 0 0 due to a decrease in market interest rates, a conversion inducement of $ 2 0 bond was offered to the remaining bondholders to convert their bonds to common shares All of the remaining 3 0 1 bonds were converted into common shares at that time a Prepare the journal entry at January 1 , 2 0 2 3 b Prepare the journal entry at December 3 1 , 2 0 2 3 c Prepare the journal entry at January 1 , 2 0 2 4 d Prepare the journal entry at June 3 0 , 2 0 2 4 e Prepare the journal entry at December 3 1 , 2 0 2 4 f Prepare the journal entry at January 1 , 2 0 2 5

Question

On January 1 , 2 0 2 3 , Oriole Corporation, which follows ASPE, issued a series of 5 0 3 convertible bonds, maturing in five years  The face amount of each bond was $ 1 , 0 0 0   Oriole received $ 5 3 1 , 3 0 0 for the bond issue  The bonds paid interest every December 3 1 at 5     the market interest rate for bonds with a comparable level of risk was 6     The bonds were convertible to common shares at a rate of ten common shares per bond  Oriole amortized bond premiums and discounts using the effective interest method, and the company s year   end was December 3 1   On January 1 , 2 0 2 4 , 1 0 1 of the bonds were converted into common shares  On June 3 0 , 2 0 2 4 , another 1 0 1 bonds were converted into common shares  The bondholders chose to forfeit the accrued interest on these bonds  On January 1 , 2 0 2 5 , when the fair value of the bonds was $ 2 9 6 , 3 0 0 due to a decrease in market interest rates, a conversion inducement of $ 2 0   bond was offered to the remaining bondholders to convert their bonds to common shares  All of the remaining 3 0 1 bonds were converted into common shares at that time  a   Prepare the journal entry at January 1 , 2 0 2 3   b   Prepare the journal entry at December 3 1 , 2 0 2 3   c   Prepare the journal entry at January 1 , 2 0 2 4   d   Prepare the journal entry at June 3 0 , 2 0 2 4   e   Prepare the journal entry at December 3 1 , 2 0 2 4   f   Prepare the journal entry at January 1 , 2 0 2 5 On January 1 , 2 0 2 3 , Oriole Corporation, which follows ASPE, issued a series of 5 0 3 convertible bonds, maturing in five years  The face amount of each bond was $ 1 , 0 0 0   Oriole received $ 5 3 1 , 3 0 0 for the bond issue  The bonds paid interest every December 3 1 at 5     the market interest rate for bonds with a comparable level of risk was 6     The bonds were convertible to common shares at a rate of ten common shares per bond  Oriole amortized bond premiums and discounts using the effective interest method, and the company s year   end was December 3 1   On January 1 , 2 0 2 4 , 1 0 1 of the bonds were converted into common shares  On June 3 0 , 2 0 2 4 , another 1 0 1 bonds were converted into common shares  The bondholders chose to forfeit the accrued interest on these bonds  On January 1 , 2 0 2 5 , when the fair value of the bonds was $ 2 9 6 , 3 0 0 due to a decrease in market interest rates, a conversion inducement of $ 2 0   bond was offered to the remaining bondholders to convert their bonds to common shares  All of the remaining 3 0 1 bonds were converted into common shares at that time  a   Prepare the journal entry at January 1 , 2 0 2 3   b   Prepare the journal entry at December 3 1 , 2 0 2 3   c   Prepare the journal entry at January 1 , 2 0 2 4   d   Prepare the journal entry at June 3 0 , 2 0 2 4   e   Prepare the journal entry at December 3 1 , 2 0 2 4   f   Prepare the journal entry at January 1 , 2 0 2 5

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On January 1 , 2 0 2 3 , Oriole Corporation, which follows ASPE, issued a series of 5 0 3 convertible bonds, maturing in

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