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Question 6 (15 points) On January 1, 2020, Stranger Things Tineported $10,000,000 face amount of...

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Question 6 (15 points) On January 1, 2020, Stranger Things Tineported $10,000,000 face amount of 10 vuodin private placement. The bond sold for 517,000,000 and the marketite was on the band painter in cash, on 31 December. The bonds are convertible inteso common shares for each $1,000 of the bonde luce At maturity, ST Incorporated has the option of issuing common shares to redeem the bonds instead of wine cash Required: 1 Calculate the present value of the Bonds (2 marks) 2. Prepare Journal entries to record the issuance of the bonds on January 1, 2020 (4 marks), 3. Prepare a journal entry to record the interest payment on the first interest date of 31 December 2020 (5 marks) 4. Assume that on January 19, 2021, the shares were converted when the market price of the share was $102. Prepare the required journal entry (4 marks), 1) Calculate the present value of the Bonds (2 marks). 2) Prepare Journal entries to record the issuance of the bonds on January 1, 2020 (4

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