On January $1,2025,$ Nash Corporation issued $$4,080,000$ of $10-$year, $8\%$ convertible debentures at $102.$ Interest is to be paid semiannually on June $30$ and December $31.$ Each $$1,000$ debenture can be converted into $8$ shares of Nash Corporation $$101$ par value common stock after December $31,2026.$

On January $1,2027,$$$408,000$ of debentures are converted into common stock, which is then selling at $$111.$ An additional $$408,000$ of debentures are converted on March $31,2027.$ The market price of the common stock is then $$115.$ Accrued interest at March $31$ will be paid on the next interest date.

Bond premium is amortized on a straight$-$line basis.

Make the necessary journal entries for:

a$.$ December $31,2026.$

c$.$ March $31,2027.$

b$.$ January $1,2027.$

d$.$ June $30,2027.$