Cynthia inc. needs ksh 2millon for additional financing, on December 31, 2002, it borrowed money by issuing shs 500000, 11%. 10 years convertible bonds. the bond is sold at face value and pays semi-annual interest on January 1 and July 1. each sh 1000 bond is convertible into 30 shares of Cynthia inc. sh 20 par value common stock. prepare journal entries for

i.. issuance of bond on January 1, 2003

ii. interest expense on July 1 and December 31, 2003

iii. the payment of interest on January 1, 2004

iv. the conversion of all bonds to common stock on January 1, 2004, when the market value of common stock was sh 67 per share