Problem 14-19 (Algo) Convertible bonds; induced conversion; bonds with detochable warrants [LO14-5] Bradiey Link's December 31 . 202t balance sheet inchuded the followng iteme Note 8: Bonds (in port) The 110m bonds were issued in 2008 at 96.0 to yield 10 . Interest is pald semianmally on June 30 and December 31 Each 51,000 . bond is convertible into 50 shotes of the Company's no par common stock. The 118% bond were issiod in 2012 of 105 to yietd 100k thtecest is paid semiannually on June 30 and December a1 fach 51,000 bond was issued with 50 detochable stock wattants each of which entitles the holder to purchase one share of the Company's no par common stock for $25, beginning 2022 On Januay 2. 2022. when Biadley Link's common stock hed a marhe1 pice of 532 per share, Bradley. Link called the corvertible bonds to force comversion 90W wele converted: the remainder were acqualed at the call grice. When the common stock price reached an all time high of 537 in December of 2022, 40% of the warents were exercised Required: 1. Prepore the journal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012. 2. Prepare the journat entry to record (book value methoo) the converilion of 00 oks of the comvertble bondt in January? 2022 and the retirement of the remainder. 3. Assume Bradieyl ink indiced conversion by oftering $150 cash for each bond converted. Prepare the joumal entry to record (book value method the conversion of 9048 of the convertible bonds in January 2022 4. Assume Brodiey.Link induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rather than the 50 shares provided in the contrac. Prepare the journal entry to record (book value nhethod) the conversion of 90 of of the convertble bonds in Jansary 2022 5. Prepare the joumal enty to record the exercise of the warrants in December 2022 Complete this question by entering your answers in the tabs below. Required: 1. Prepare the joumal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012 2. Prepare the joumal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 and the retirement of the remainder 3. Assume Bradley -Link Induced conversion by offering $150 cash for each bond converted. Prepare the journal entry to record foook value method) the conversion of 90% of the convertible bonds in January 2022 4. Assume Bradley-Link induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rather than the 50 shares provided in the contract. Prepare the joumal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 5. Prepare the journal entry to record the exercise of the warrants in December 2022 Complete this question by entering your answers in the tabs below. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012 . (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answer in milions (i.e., 10,000,000 should be entered as 10 ), rounded to nearest whole number): Journal entry worksheet Record the bond issue that was originally sold in 2008 . Wote: Enter-debits before credits. Journal entry worksheet Record the bond issue that was originally sold in 2012 . Note: Enter debits before credits: Journal entry worksheet Record the conversion of 90% of the convertible bonds. Wotew. Enter debits before credifts. Journal entry worksheet Record the retirement of the remainder bonds. Note: Enter debits before credits. Journal entry worksheet Record the conversion of 90% of the convertible bonds. Note: Enter debits before credits. Journal entry worksheet Record the conversion of 90% of the convertible bonds. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Problem 14-19 (Algo) Convertible bonds; induced conversion; bonds with detochable warrants [LO14-5] Bradiey Link's December 31 . 202t balance sheet inchuded the followng iteme Note 8: Bonds (in port) The 110m bonds were issued in 2008 at 96.0 to yield 10 . Interest is pald semianmally on June 30 and December 31 Each 51,000 . bond is convertible into 50 shotes of the Company's no par common stock. The 118% bond were issiod in 2012 of 105 to yietd 100k thtecest is paid semiannually on June 30 and December a1 fach 51,000 bond was issued with 50 detochable stock wattants each of which entitles the holder to purchase one share of the Company's no par common stock for $25, beginning 2022 On Januay 2. 2022. when Biadley Link's common stock hed a marhe1 pice of 532 per share, Bradley. Link called the corvertible bonds to force comversion 90W wele converted: the remainder were acqualed at the call grice. When the common stock price reached an all time high of 537 in December of 2022, 40% of the warents were exercised Required: 1. Prepore the journal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012. 2. Prepare the journat entry to record (book value methoo) the converilion of 00 oks of the comvertble bondt in January? 2022 and the retirement of the remainder. 3. Assume Bradieyl ink indiced conversion by oftering $150 cash for each bond converted. Prepare the joumal entry to record (book value method the conversion of 9048 of the convertible bonds in January 2022 4. Assume Brodiey.Link induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rather than the 50 shares provided in the contrac. Prepare the journal entry to record (book value nhethod) the conversion of 90 of of the convertble bonds in Jansary 2022 5. Prepare the joumal enty to record the exercise of the warrants in December 2022 Complete this question by entering your answers in the tabs below. Required: 1. Prepare the joumal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012 2. Prepare the joumal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 and the retirement of the remainder 3. Assume Bradley -Link Induced conversion by offering $150 cash for each bond converted. Prepare the journal entry to record foook value method) the conversion of 90% of the convertible bonds in January 2022 4. Assume Bradley-Link induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rather than the 50 shares provided in the contract. Prepare the joumal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 5. Prepare the journal entry to record the exercise of the warrants in December 2022 Complete this question by entering your answers in the tabs below. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012 . (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answer in milions (i.e., 10,000,000 should be entered as 10 ), rounded to nearest whole number): Journal entry worksheet Record the bond issue that was originally sold in 2008 . Wote: Enter-debits before credits. Journal entry worksheet Record the bond issue that was originally sold in 2012 . Note: Enter debits before credits: Journal entry worksheet Record the conversion of 90% of the convertible bonds. Wotew. Enter debits before credifts. Journal entry worksheet Record the retirement of the remainder bonds. Note: Enter debits before credits. Journal entry worksheet Record the conversion of 90% of the convertible bonds. Note: Enter debits before credits. Journal entry worksheet Record the conversion of 90% of the convertible bonds. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits