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Please help me calculate these entries Sarasota Inc. issued $6,000,000 of convertible 5 -year bonds on July 1,2025 . The bonds provide for 6% interest

Please help me calculate these entries

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Sarasota Inc. issued $6,000,000 of convertible 5 -year bonds on July 1,2025 . The bonds provide for 6% interest payable semiannually on January 1 and July 1 . The discount in connection with the issue was $114,000, which is being amortized monthly on a straight-line basis. The bonds are convertible after one year into 15 shares of Sarasota Inc.'s $1 par value common stock for each $1,000 of bonds. On October 1, 2026, $720,000 of bonds were turned in for conversion into common stock. Interest has been accrued monthly and paid as due. At the time of conversion, any accrued interest on bonds being converted is paid in cash. Prepare the journal entries to record the conversion, amortization, and interest in connection with the bonds as of the following dates. (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. List all debit entries before credit entries.) (a) October 1, 2026. (Assume the book value method is used.) (b) October 31, 2026. (c) December 31, 2026, including closing entries for end-of-year. (a) Oct. 1, Bonds Payable 720000 Common Stock 10800 Discount on Bonds Payable 114000 Paid-in Capital in Excess of Par - Common Stock 595200 (To record conversion of bonds to common stock) Oct. 1 , 2026 Interest Payable Cash (To record payment of interest due on converted bonds) (b) Oct. 31, Interest Expense Discount on Bonds Payable (To record amortization of discount on bonds) (b)Oct.31,InterestExpense Discount on Bonds Payable (To record amortization of discount on bonds) Oct. 31, 2026 Interest Payable (To record accrual of interest payable on bonds) (c) Dec. 31, Dec. 31, 2026 Interest Expense Interest Expense Discount on Bonds Payable (To record amortization of discount on bonds) Interest Expense Interest Payable (To record accrual of interest payable on bonds) \begin{tabular}{ll} (c) Dec. 31, & Interest Expense \\ \hline \end{tabular} Discount on Bonds Payable (To record amortization of discount on bonds) Dec. 31, 2026 Dec. 31, 2026 Interest Expense Interest Payable (To record accrual of interest payable on bonds) Income Summary Interest Expense (To close expense account)

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