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Question 4 (15 points) On January 1, 2023, Eisenberg, Inc. issued $75 million of 6%,10-year convertible bonds at 98 . The bonds pay interest semi-annually

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Question 4 (15 points) On January 1, 2023, Eisenberg, Inc. issued $75 million of 6%,10-year convertible bonds at 98 . The bonds pay interest semi-annually on June 30 and December 31 . Ea $1,000 bond is convertible into 40 shares of Eisenberg's $2 par common stock. Phy Services purchased 10% of the issue as an investment. 1. Prepare the journal entries for the issuance of the bonds by Eisenberg. (1.5 point 2. Prepare the journal entries for the June 30,2028 , interest payment by Eisen assuming they use the straight-line method. (1.5 points)

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