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Stellar Corporation has outstanding 2,200 $1,000 bonds, each convertible into 50 shares of $10 par value Question 1 common stock. The bonds are converted on

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Stellar Corporation has outstanding 2,200 $1,000 bonds, each convertible into 50 shares of $10 par value Question 1 common stock. The bonds are converted on December 31, 2020, when the unamortized discount is $21,200 and the market price of the stock is $21 per share. Record the conversion. Accounts Debit Amount Credit Amount Marigold Corporation issued 2,000 shares of $10 par value common stock upon conversion of 1,000 shares Question 2 of $50 par value preferred stock. The preferred stock was originally issued at $65 per share. The common stock is trading at $24 per share at the time of conversion. Record the conversion of the preferred stock. Accounts Debit Amount Credit Amount Cullumber Corporation issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock Question 3 warrant. After issuance, the bonds were selling in the market at 98, and the warrants had a market price of $39. Record the issuance of the bonds and warrants. Accounts Debit Amount Credit Amount Question 4 On January 1, 2021, Sage Inc, granted stock options to officers and key employees for the purchase of 18,000 shares of the company's $10 par common stock at $27 per share. The options were exercisable within a S-year period beginning January 1, 2023, by grantees still in the employ of the company, and expiring December 31, 2017. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $379,600. On April 1, 2022, 1.800 options were terminated when the employees resigned from the company. The market price of the common stock was $35 per share on this date. On March 31, 2023, 10.800 options were exercised when the market price of the common stock was $39 per share. Prepare journal entries to record issuance of the stock options, termination of the stock options, exercise of the stock options, and charges to compensation expense, for the years ended December 31, 2021, 2022, and 2023, Accounts Debit Amount Credit Amount

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