Provide and explain the Journal Entries for the High PG Ltd Step-up Bond from 01/01/2019 to 31/12/2021. Refer to the specific Australian accounting Standard (particularly AASB 132 and AASB 139)

Assessment Detalls eta p High PG Ltd is a prodction company with an average -return on asse) or(8.0% and an average (ost of deb), stn or7.7%.mecompanyneeds to raise addition al funds in a competitive market environment. The Balance Sheet shows the company is currently financed as follows Equity and uabilites AUD Current Liabilities $ Non-Current Liabilities s 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 opportunities to acquire $15 million of new capita O L. Winters, you and to srovide advice at the board of directors meeting on September 10th, 2018 High PG Ltd Step-up Bond Instrument Issue size Coupon Issue Price Step-up Bond AUD 15million 8%,10%, 12 nnual payment par on 01-January-2019 31-December-2021 Maturity date High PG Ltd Convertible Bond Convertible Bond AUD 15million Instrument Issue size Cou Settlement date Maturity date Conversion rate 01-January-2019 31-December-2021 15million $1 shares at maturity SM Shares Without the conversion feature, the bond would be priced the same as the corporate Bond Step - up Note Assessment Detalls eta p High PG Ltd is a prodction company with an average -return on asse) or(8.0% and an average (ost of deb), stn or7.7%.mecompanyneeds to raise addition al funds in a competitive market environment. The Balance Sheet shows the company is currently financed as follows Equity and uabilites AUD Current Liabilities $ Non-Current Liabilities s 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 opportunities to acquire $15 million of new capita O L. Winters, you and to srovide advice at the board of directors meeting on September 10th, 2018 High PG Ltd Step-up Bond Instrument Issue size Coupon Issue Price Step-up Bond AUD 15million 8%,10%, 12 nnual payment par on 01-January-2019 31-December-2021 Maturity date High PG Ltd Convertible Bond Convertible Bond AUD 15million Instrument Issue size Cou Settlement date Maturity date Conversion rate 01-January-2019 31-December-2021 15million $1 shares at maturity SM Shares Without the conversion feature, the bond would be priced the same as the corporate Bond Step - up