Wildhorse Inc issued $6 million of 10 year, 8 convertible bonds on June 1, 2020, at 99 plus accrued interest The bonds were dated April 1, 2020, with interest payable April 1 and October 1 Bond discount is amortized semi annually Bonds without conversion privileges would have sold at 98 plus accrued interest On April 1, 2021, $1 50 million of these bonds were converted into 30,000 common shares Accrued interest was paid in cash at the time of conversion Assume that the company follows IFRS c repare the entry to record the conversion on April 1, 2021 (The book value method is used ) Assume that the entry to record amortization of the bond discount and interest payment has been made (Credit account titles are automatically indented when the amount is entered Do not indent manually Round answers to 0 decimal places, e g 5,275 ) Date Account Titles and Explanation Debit Credit April 1, 2021 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount

Question

Wildhorse Inc  issued $6 million of 10 year, 8  convertible bonds on June 1, 2020, at 99 plus accrued interest  The bonds were dated April 1, 2020, with interest payable April 1 and October 1  Bond discount is amortized semi annually  Bonds without conversion privileges would have sold at 98 plus accrued interest  On April 1, 2021, $1 50 million of these bonds were converted into 30,000 common shares  Accrued interest was paid in cash at the time of conversion  Assume that the company follows IFRS  c  repare the entry to record the conversion on April 1, 2021  (The book value method is used ) Assume that the entry to record amortization of the bond discount and interest payment has been made  (Credit account titles are automatically indented when the amount is entered  Do not indent manually  Round answers to 0 decimal places, e g  5,275 ) Date Account Titles and Explanation Debit Credit April 1, 2021 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount

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Wildhorse Inc. issued $6 million of 10-year, 8% convertible bonds on June 1, 2020, at 99 plus accrued interest. The bonds were dated April 1,

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Date	Account Titles and Explanation	Debit	Credit
April 1, 2021	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount