XYZ Ltd, a company listed on the Australian Stock Exchange, recorded the following transaction during the 2022-2023 year. On 1 July 2022, XYZ Ltd issued 3,000,000 convertible notes. The notes had a four-year term and were issued at a face value of $5 per note. Interest was payable annually on 30 June at 6% per annum in arrears. Each note was convertible at the option of the holder into one ordinary share on or before maturity. On 1 July 2022, the market interest rate for similar notes, without a conversion option, was 10% per annum. On 30 June 2026, all noteholders converted their holdings to ordinary shares in XYZ Ltd. The fiscal year end of XYZ Ltd is 30 June. REQUIRED: Prepare journal entries to account for the convertible notes from 1 July 2022 to 30 June 2023, and on 30 June 2026. Round to the nearest whole $ amount for your answers. No narration is required. Show your calculations.