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please read the question carefuly On January 1, 2023, BDM Corporation issued a series of 100 convertible bonds, maturing in 5 years. The face amount

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On January 1, 2023, BDM Corporation issued a series of 100 convertible bonds, maturing in 5 years. The face amount of each bond Was $500. BDM received $51,400 for the bond issue. The bonds paid interest every December 31 at 8%; the market interest rate for bonds with a comparable level of risk was 8.50%. The bonds were convertible to common shares at a rate of 12 common shares per bond. BDM amortized bond premiums and discounts using the effective interest method, and the company's year-end was December 31. BDM follows ASPE On January 1,2024, 20 of the bonds were converted into common shares. On June 30,2024 , another 20 bonds were converted into common shares. The bondholders chose to forfeit the accrued interest on these bonds. On January 1, 2025, when the fair value of the bonds was $30,750 due to a decrease in market interest rates, a conversion inducement of $30/ bond was offered to the remaining bondholders to convert their bonds to common shares. All of the remaining 60 bonds were converted into commonshares at this time. a. Prepare the journal entry at January 1, 2023. b. Prepare the journal entry at December 31, 2023. c. Prepare the journal entry at January 1,2024. d. Prepare the journal entry at June 30,2024. e. Prepare the journal entry at December 31,2024 . f. Prepare the journal entry at January 1,2025. 1.2023 Cash Bonds Payable Contributed Surplus - Conversion Rights ir 31,2023 Interest Expense Bonds Payable Cash Bonds Payable Contributed Surplus-Conversion Rights Commonsthares 024 Fonds Payable Contributed Surplus - Conversion Rights 4187 187 9888 73

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