On January 1 208 Madison Products issued S416 million of 10%, 10-year convertible bonds at a net price of $42.56 million Madison recently issued similar, but nonconvertible, bonds at December 31. Each $1,000 bond is convertible into 30 shares of Madison's no par common st straight-line method. 98 (th at is, 98% of face amount). The bonds pay interest on June 30 and ock. Madison records interest by the On June 1, 2020, Madison notified bondholders of its intent to call the bonds at face value plus a 1% call premium on July 1, 2020 By June 30 all bondholders had chosen to convert their bonds into shares as of the interest payment date. On June 30, Madison paid the semiannual interest and Issued the requisite number of shares for the bonds being converted. Required 1. & 2. Prepare the journal entry for the issuance of the bonds by Madison and interest payment for the June 30, 2018. 3. Prepare the journal entries for the June 30. 2020, interest payment by Madison and the conversion of the bonds (book value method). Complete this question by entering your answers in the tabs below Req 1 and 2 Req3 Prepare the journal entry for the issuance of the bonds by required for a dollars.) n and interest payment for the June 30, 2018.(If no entry is whole transaction/event, select "No journal entry required" in the first account field. Enter your answers in View t ion list Journal entry worksheet Next >