prepare the financial statements for the December 31, 2020 year-end using both IFRS and ASPE for company A.

prepare a statement of financial position and calculate debt to equity ratio

When preparing journal entries, prepare the entry that should have been made at the time the transaction occurred.

On January 1, company A issued $1.5 million of five-year, 6% convertible bonds at par value. Each $1,000 bond is convertible into 100 common shares. A similar bond (without conversion feature) would have been issued at a market yield of 9%. On December 31, $200,000 worth of bonds were converted to common shares.

Give the JE for recording issuance of convertible bonds

JE to record conversion of convertible bonds

Give amortization table too