Provide and explain the Journal Entries for the High PG Ltd Convertible Bond from 01/01/2019 to 31/12/2021. Refer to the specific Australian Accounting Standards (AASB 132, AASB 139)

- High PG Ltd -return on asset) of( is a prodction company with an average 8.0% and an average Ata company needs to raise additional funds in a competitive market environment. The Balance Sheet shows the company is currently financed as follows Equlty and labilities AUD Current Liabilities $ Non-Current Liabilities $ 33,033,000 9,317,000 42,350,000 85,425,000 (28,475,000) 56,950,000 Total Liabilities Share Capital Accumulated losses $ Total equity As the personal assistant of have been asked to (evaluate the following L. Winters, you opportunities to acquire S15 milton of and to rovide advice at the board of directors meeting on September 10oth, 2018. Hlgh PG Ltd Step-up Bond Instrument Step-up Bond AUD 15million 8%, 10%, 1 2 ssue size Coupon Issue Price Settlement date Maturity date par on 01-January-2019 31-December-2021 High PG Ltd Convertible Bond Instrument Issue size Coupon Settlement date Maturity date Conversion rate Convertible Bond AUD 15million 5%, annual payment 01-January-2019 31-December-2021 1Smillion $1 shares at maturity Sm shares Without the conversion feature, the bond would be priced the same as the Note Step -up