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View Policies Current Attempt in Progress On January 1, 2020, Marigold Corporation issued 54,360.000 af 10 year, 7 convertible debentures at 104. Interest is to

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View Policies Current Attempt in Progress On January 1, 2020, Marigold Corporation issued 54,360.000 af 10 year, 7 convertible debentures at 104. Interest is to be paid semiannually on June 30 and December 31. Each $1.000 debenture can be converted into shares of Marigold Corporation 5100 par value common stock after December 31, 2021 On January 1, 2022. 5436,000 of debentures are converted into common stock, which is the selling at $109. An additional $436,000 of debentures are converted on March 31, 2022. The market price of the common stock is then 5115 Accrued interest at March 31 will be paid on the next interest date Bond premium is amortised on a straight-line boste Make the necessary journal entries for ta December 31, 2021 10 March 31, 2022 b) January 1, 2022 Jone 30.2022 Record the conversions using the book value method. (Credit accounts are automatically Indented when amounts and Dont indent melyne entry is required, select "No Entry for the accounties and enter for the amounts Round answer to decimal ploos 5.275) No. Date Account Titles and Explanation Debit Credit Dec (a) 31 2021 Interest Premium on Bordewable Jan (b) 1. 2002 000 Common Stock Pictwo Mar (c) 31 2002 interest To record interest expense) Mar BP 2022 (To record the conversion) (d) 30 Attempt of und

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