fall 2020 revised hdex.html?_con=con&external_browser=0&launch... Saved Help Save & Exit Submit 14 4 points 01:47:57 On January 1, 2020, Liveson Textiles issued $115 million of 8%, 10-year convertible bonds at 94. The bonds pay interest on semi-annually June 30 and December 31. Each $1,000 bond is convertible into 45 shares of Liveson's $1 par common stock. Avi Services purchased 25% of the issue as an investment. 1. Prepare the journal entry for the issuance of the bonds by Liveson. (3 points) 2. Prepare the journal entry for the June 30, 2025, interest payment by Liveson assuming they use the straight-line method. (3 points) 3. On July 1, 2027, when Liveson's common stock had a market price of $33 per share, Avi converted the bonds it held. Prepare the journal entry by Liveson for the conversion of the bonds (book value method). (8 points) Essay Toolbar navigation BIUS ** KX