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someone with eyes please answer this compare the amount paid for the instru value of the investment if it was not convertible (the G100 Chapter

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compare the amount paid for the instru value of the investment if it was not convertible (the G100 Chapter 15 Assignment Question 4 On September 30, 2021. Pennsylvania Co issued 3 million of 10%, 10-year convertible bonds maturing on September 30, 2001. with semiannual goun payments on March 31 and September 30 Each $1,000 bond can be converted into a walue common shares. In addition, each bond included 20 detachable common stock warrants with an exercise price of $20 each. Immediately after issuance, the warrants traded at $5 each on the open market. Gross proceeds on issuance were 14,545,000. Without the warrants and conversion features the bond would be expected to yield 6% annually. Pennsylvania's year-end is December 31. Un February 22, 2024, warrant holders exercised one-half of the warrants. The shares of Pennsylvania traded at $44 each on this day. a) Prepare all the journal entries for fiscal year 2021. (Remember to accrue interest at Dec. 31) Date Explanation/Account Debit Credit b) Record the journal entry for the exercise of stock warrants on February 22, 2024 Date Explanation/Account Debit Credit c) Derecognition Date Explanation Account Debit compare the amount paid for the instru value of the investment if it was not convertible (the G100 Chapter 15 Assignment Question 4 On September 30, 2021. Pennsylvania Co issued 3 million of 10%, 10-year convertible bonds maturing on September 30, 2001. with semiannual goun payments on March 31 and September 30 Each $1,000 bond can be converted into a walue common shares. In addition, each bond included 20 detachable common stock warrants with an exercise price of $20 each. Immediately after issuance, the warrants traded at $5 each on the open market. Gross proceeds on issuance were 14,545,000. Without the warrants and conversion features the bond would be expected to yield 6% annually. Pennsylvania's year-end is December 31. Un February 22, 2024, warrant holders exercised one-half of the warrants. The shares of Pennsylvania traded at $44 each on this day. a) Prepare all the journal entries for fiscal year 2021. (Remember to accrue interest at Dec. 31) Date Explanation/Account Debit Credit b) Record the journal entry for the exercise of stock warrants on February 22, 2024 Date Explanation/Account Debit Credit c) Derecognition Date Explanation Account Debit

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