Jaruary $1\mathrm{.}202a$

Eanh

$51500$

Sondh Payahle

$$

Eontribubad Surplus $-$ Canvernlan Righta

$$

Decennbar $31.2023$

interent Experne

$$

$$

Sondh Payahle

$$

$$

Sondh Payahle

$$

$$ Cmh $$

$$

Contribubad Surplus $-$ Canvernian Righta $$

$$

Cormon Sharas $$

$$

Jun$30,2024$

Bondh Payahlo $$

$$

Contriluubad Surplus $-$ Canveralan Righta $$

$$ intereat Exqueme $$

$$

$$

Corrmon Shares

$$

$$

$$

$$On January $1,2023,$ JBD Corporation issued a series of $100$ convertible bonds, maturing in $5$ years. The face amount of each bond was

$$500.$ JBD received $$51,500$ for the bond issue. The bonds paid interest every December $31$ at $8\%$; the market interest rate for bonds

with a comparable level of risk was $8\mathrm{.}50\%.$ The bonds were convertible to common shares at a rate of $8$ common shares per bond. JBD

amortized bond premiums and discounts using the effective interest method, and the company's year$-$end was December $31.$ JBD

follows ASPE.

On January $1,2024,20$ of the bonds were converted into common shares. On June $30,2024,$ another $20$ bonds were converted into

common shares. The bondholders chose to forfeit the accrued interest on these bonds.

On January $1,2025,$ when the fair value of the bonds was $$30,810$ due to a decrease in market interest rates, a conversion inducement

of $$\frac{27}{?}$ bond was offered to the remaining bondholders to convert their bonds to common shares. All of the remaining $60$ bonds were

converted into common shares at this time.

a$.$ Prepare the journal entry at January $1,2023.$

b$.$ Prepare the journal entry at December $31,2023.$

c$.$ Prepare the journal entry at January $1,2024.$

d$.$ Prepare the journal entry at June $30,2024.$

e$.$ Prepare the journal entry at December $31,2024.$

f$.$ Prepare the journal entry at January $1,2025.$

$($Do not round intermediate calculations. Round answers to $0$ decimal places e$.$g$.58,971.$ Credit account titles are automatically indented when

the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.

Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

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