graded homework Saved Required e journal entries that were recorded when each of the two bond issues was originally sold in 2005 and 2009. 2. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019 and the retirement of the remainder ssume Bradley-Link induced conversion by offering $160 cash for each bond converted. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019. 4. Assume 50 shares provided in the contract. Prepare the jo bonds In January 2019. 5. Prepare the journal entry to record the exercise of the warrants in December 2019. Bradley-Link Induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rathe than the urnal entry to record book value method the conversion of 90% of the convertible Complete this question by entering your answers in the tabs below Required 1 Required 2 Rquired 3 Required 4 Required S Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019 and the retirement of the remainder. (If no entry is required for a transaction/event, select TNo journal entry requ ed" in the first account field Enter your answers in millions rounded to 1 decimal place (.e., 5,500,000 should be entered as 5.5)) View transaction list Journal entry worksheet Record the conversion of 90% of the convertible bonds. K Prov9 of 10 Next > raded homework Seved Problem 14-19 Convertible bonds; induced conversion; bonds with detachable warrants [LO 14-5) the following items: ($ in millions) $148 Long-Term Liabilities 9.0% convertible bonds, callable at 103 beginning in 2019, due 2022 (net of unanortized discount of $2) (note 8] 11.0% registered bonds callable at 106 beginning in 2928, 60 due 2832 (net of unanortized discount of $1) [note 8) Shareholders' Equity Equity-stock warrants Note 8: Bonds (in part) The 9.0% bonds were issued in 2005 at 980 to yield 10%. Interest is paid semiannually on June 30 and December 31, Each $1,000 bond is convertible into 50 shares of the Company's no par common stock The 11.0% bonds were issued in 2009 at 104 to yield 10%. Interest is paid semiannually on June 30 and December 31, Each $1,000 bond was issued with 50 detachable stock warrants, each of which entitles the holder to purchase one share of the Company's no par common stock for $35, beginning 2019. On January 3, 2019, when Bradley-Link's common stock had a market price of $42 per share. Bradley Link bonds to force conversion 90% were converted; the remainder were acquired at the call price, when the common stock price reached an all-time high of $47 in December of 2019, 40% of the warrants were exercised. he convertible Required: 1. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2005 and 20o9 2. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019 and the retirement of the remainder 3. Assume Bradley Link induced conversion by offering $160 cash for each bond converted. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019 graded homework Saved Required e journal entries that were recorded when each of the two bond issues was originally sold in 2005 and 2009. 2. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019 and the retirement of the remainder ssume Bradley-Link induced conversion by offering $160 cash for each bond converted. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019. 4. Assume 50 shares provided in the contract. Prepare the jo bonds In January 2019. 5. Prepare the journal entry to record the exercise of the warrants in December 2019. Bradley-Link Induced conversion by modifying the conversion ratio to exchange 55 shares for each bond rathe than the urnal entry to record book value method the conversion of 90% of the convertible Complete this question by entering your answers in the tabs below Required 1 Required 2 Rquired 3 Required 4 Required S Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019 and the retirement of the remainder. (If no entry is required for a transaction/event, select TNo journal entry requ ed" in the first account field Enter your answers in millions rounded to 1 decimal place (.e., 5,500,000 should be entered as 5.5)) View transaction list Journal entry worksheet Record the conversion of 90% of the convertible bonds. K Prov9 of 10 Next > raded homework Seved Problem 14-19 Convertible bonds; induced conversion; bonds with detachable warrants [LO 14-5) the following items: ($ in millions) $148 Long-Term Liabilities 9.0% convertible bonds, callable at 103 beginning in 2019, due 2022 (net of unanortized discount of $2) (note 8] 11.0% registered bonds callable at 106 beginning in 2928, 60 due 2832 (net of unanortized discount of $1) [note 8) Shareholders' Equity Equity-stock warrants Note 8: Bonds (in part) The 9.0% bonds were issued in 2005 at 980 to yield 10%. Interest is paid semiannually on June 30 and December 31, Each $1,000 bond is convertible into 50 shares of the Company's no par common stock The 11.0% bonds were issued in 2009 at 104 to yield 10%. Interest is paid semiannually on June 30 and December 31, Each $1,000 bond was issued with 50 detachable stock warrants, each of which entitles the holder to purchase one share of the Company's no par common stock for $35, beginning 2019. On January 3, 2019, when Bradley-Link's common stock had a market price of $42 per share. Bradley Link bonds to force conversion 90% were converted; the remainder were acquired at the call price, when the common stock price reached an all-time high of $47 in December of 2019, 40% of the warrants were exercised. he convertible Required: 1. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2005 and 20o9 2. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019 and the retirement of the remainder 3. Assume Bradley Link induced conversion by offering $160 cash for each bond converted. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2019