On January 1, 2017, Carla Corporation issued $3,800,000of 10-year,9% convertible debentures at104. Interest is to be paid semiannually on June 30 and December 31. Each $1,000debenture can be converted into8shares of Carla Corporation $100par value common stock after December 31, 2018.

On January 1, 2019, $380,000of debentures are converted into common stock, which is then selling at $110. An additional $380,000of debentures are converted on March 31, 2019. The market price of the common stock is then $114. Accrued interest at March 31 will be paid on the next interest date.

Bond premium is amortized on a straight-line basis.

Record the conversions using the book value method. Make the necessary journal entries for:

(a)December 31, 2018.

Interest Expense

Premium on bonds payable

Cash

(b)January 1, 2019.

Bonds payable

Premium on bonds payable

Common stock

Paid incapital- common stock

(c)March 31, 2019.

Interest Expense

Premium on bonds payable

Bonds payable

(d)June 30, 2019.

Bond expense

Premium on bonds payable

Interest payable

Cash

*** I have done the problem but want to make sure that I did it correctly and would like to compare answers. Thank you. The accounts are what I think they are to be.