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please provide the correct answer and this answer needs 5 journal entries and please use the accounts given in the list. thanks Question 4 of

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please provide the correct answer and this answer needs 5 journal entries and please use the accounts given in the list. thanks
Question 4 of 5 -13 View Policies Current Attempt in Progress Bramble Corporation sold 150 convertible, 10-year bonds with face value $150,000. The bonds pay interest December 31 each year. Each bond pays 4% annual interest and each bond can be converted to ten common shares at the bondholders' request. The sale resulted in conversion rights of $22,080. On January 1, 2021, Bramble offered the shareholders a price of 105 if they would agree to retire their bonds early. All of the bondholders agreed to retire their bonds early. At the time of the conversion, the market value of the bonds was $135,200 and the carrying value was $132,000. Prepare the journal entry to record the conversion of the bonds into common shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Credit Bonds Payable Debit OL HB ere to search Question 4 of 5 -/3 ili carrying value was $132,000. Prepare the journal entry to record the conversion of the bonds into common shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Account Titles and Explanation Bonds Payable Credit List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later 3:43 10/19 . BE e to search SUS Accounts Payable Bonds Payable Cash Common Shares Compensation Expense Contributed Surplus - Conversion Rights Contributed Surplus - Conversion Rights Expired Contributed Surplus - Expired Stock Options Contributed Surplus - Stock Options Contributed Surplus - Stock Warrants Cost of Goods Sold OBA 16 search VISUS Deficit Derivatives-Deposits Derivatives - Financial Assets/Liabilities Equipment Equity - Fixed-for-fixed Derivative Fair Value - NI Investments Fair Value - OCI Investments Future Income Tax Liability Gain or Loss on Derivatives Interest Expense Interest Income OIL E HK o search Interest Payable Interest Receivable Inventory Liability under Share - Appreciation Rights Plans Loss on Redemption of Bonds Loss on Retirement of Bonds No Entry Notes Payable Notes Receivable Preferred Shares Raw Materials lo al O co search Notes Payable Notes Receivable Preferred Shares Raw Materials Retained Earnings Sales Revenue Supplies Unrealized Gain or Loss - OCI Attempts: 0 of 3 used Sut Save for Later Last saved 1 second ago. Saved work will be auto-submitted on the due date. I to search

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