On January 1, 2016, Y corp is issued $100,000 of its 20-year convertible 6% bonds payable at par. The bonds are convertible into 10,000 shares of Y corp.'s $2 par value common stock. Interest is payable. Interest annually on December 31. Prepare the journal entry to record the issuance of the bonds.. Prepare the journal entry to record the interest payments on December 31, 2016. Prepare the journal entry assuming that Y corp. redeems all of its bonds at maturity. Assume instead that, on January 1, 2021, (five years after the bonds were issued), all of the holders of the Y bonds convert their bonds into 10000 shares of y common stock. Prepare the journal entry the conversion of the bonds