HW Unit AutoSaver Insert Draw s Page Layout . Formulas Home Data Review View Developer Calibri (Body) BIU = = = 1 EEEE a Wrap Text Merge & Center aA General $ % 2 A72 1 x fc 56 51 Exercise Z Clear Water Corp. issued $100,000 of 7% 5 year convertible bonds on January 1, 2015. The bonds were issued at 104 and pay interest on June 30 and December 31 of each year. By December 31, 2018, the market price of the stock had increased, and the investors decided to convert the bonds into stock. Each $1,000 bond is convertable into 30 shares of the $2 par value common 52 stock. 54 Determine the balance of the Premium on the bonds and prepare the journal entry to record the conversion of the bonds. GENERAL JOURNAL POST REF. Date Account/Description Debit Credit DAN A72 x 5x56 Exercise ZZ On January 1, 2018, Warden decided to invest in the 15 year bonds of Lake Stevens. The bonds pay interest on June 30 and December 31 at 9% annually. The $150,000 of bonds were purchased at 97. Warden intends to hold the bonds until maturity 01. Journalize the purchase of the investment on January 1, 2018 2. Journalize the first interest payment on the investment on June 30, 2018 256 GENERAL JOURNAL POST REF. Date Account/Description Debit Credit Om HW Unit AutoSaver Insert Draw s Page Layout . Formulas Home Data Review View Developer Calibri (Body) BIU = = = 1 EEEE a Wrap Text Merge & Center aA General $ % 2 A72 1 x fc 56 51 Exercise Z Clear Water Corp. issued $100,000 of 7% 5 year convertible bonds on January 1, 2015. The bonds were issued at 104 and pay interest on June 30 and December 31 of each year. By December 31, 2018, the market price of the stock had increased, and the investors decided to convert the bonds into stock. Each $1,000 bond is convertable into 30 shares of the $2 par value common 52 stock. 54 Determine the balance of the Premium on the bonds and prepare the journal entry to record the conversion of the bonds. GENERAL JOURNAL POST REF. Date Account/Description Debit Credit DAN A72 x 5x56 Exercise ZZ On January 1, 2018, Warden decided to invest in the 15 year bonds of Lake Stevens. The bonds pay interest on June 30 and December 31 at 9% annually. The $150,000 of bonds were purchased at 97. Warden intends to hold the bonds until maturity 01. Journalize the purchase of the investment on January 1, 2018 2. Journalize the first interest payment on the investment on June 30, 2018 256 GENERAL JOURNAL POST REF. Date Account/Description Debit Credit Om