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On January 1,2020. Larkspur Corporation issued $3,980,000 of 10-year, 8% convertible debentures at 104. Interest...

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Accounting

On January 1,2020. Larkspur Corporation issued $3,980,000 of 10-year, 8% convertible debentures at 104. Interest is to be paid
semiannually on June 30 and December 31. Each $1,000 debenture can be converted into 8 shares of Larkspur Corporation $101 par
value common stock after December 31,2021.
On January 1,2022, $398,000 of debentures are converted into common stock, which is then selling at $112. An additional
$398,000 of debentures are converted on March 31,2022. The market price of the common stock is then $117. Accrued interest at
March 31 will be paid on the next interest date.
Bond premium is amortized on a straight-line basis.
Make the necessary joumal entries for:
(a) December 31,2021
(c) March 31,2022
(b) January 1,2022.
(d) June 30,2022
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