On January 1, 2017, Sheridan Corporation issued $3,960,000 of 10-year, 7% convertible debentures at 104. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into 8 shares of Sheridan Corporation $100 par value common stock after December 31, 2018. On January 1, 2019, $396,000 of debentures are converted into common stock, which is then selling at $111. An additional $396,000 of debentures are converted on March 31, 2019. The market price of the common stock is then $116. 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, 2018. (c) March 31, 2019. (b) January 1, 2019. (d) June 30, 2019. Record the conversions using the book value method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)

/ (a) Dec 31, 2018 Interest Expense 131670 Premium on Bonds Payable 6930 Cash 38600 (b) Jan. 1, 2019 Bonds Payable 396000 Premium on Bonds Payable 11088 Common Stock 316800 Paid-in Capital in Excess of Par - Common Stock 90288 (c) Mar. 31, 2019 Interest Expense 7573 Premium on Bonds Payable 347 Interest Payable 7920 (To record interest expense) Mar. 31, 2019 Bonds Payable 396000 Premium on Bonds Payable 10741 Common Stock 316800 Paid-in Capital in Excess of Par - Common Stock 89941 (To record the conversion) (d) Jun 30, 2019 Interest Expense 134640 / (a) Dec 31, 2018 Interest Expense 131670 Premium on Bonds Payable 6930 Cash 38600 (b) Jan. 1, 2019 Bonds Payable 396000 Premium on Bonds Payable 11088 Common Stock 316800 Paid-in Capital in Excess of Par - Common Stock 90288 (c) Mar. 31, 2019 Interest Expense 7573 Premium on Bonds Payable 347 Interest Payable 7920 (To record interest expense) Mar. 31, 2019 Bonds Payable 396000 Premium on Bonds Payable 10741 Common Stock 316800 Paid-in Capital in Excess of Par - Common Stock 89941 (To record the conversion) (d) Jun 30, 2019 Interest Expense 134640