i need help please...

apter 11 Homework Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far 10 Izmir AS issued convertible bonds at their face value of 135,000 lira on December 31, 2017. The bonds have a 12-year life with interest of 12 percent payable annually. At the date of issue, the prevailing interest rate for similar debt without a conversion option was 14 percent ts Assume that a foreign company using IFRS is owned by a company using US GAAP. Thus, IFRS balances must be converted to US. GAAP to prepare consolidated financial statements. Ignore income taxes Required: a. Prepare Journal entries for this compound financial instrument for the year ending December 31, 2017, under (1) IFRS and (2) U.S. GAAP b. Prepare the entryfies) that the U.S.parent would make on the December 31, 2017, conversion worksheet to convert IFRS balances to US GAAP Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries for this compound financial instrument for the year ending December 31, 2017, under (1) IFRS and (2) U.S. GAAP. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round PV factor Round the final answers to nearest whole dollar) No Date Debit 135.000 1 12/31/2017 General Journal Cash Bonds payable Additional paid-in capital - Convertible bonds 91,531 43,466 2 12/31/2017 135,000 Cash Bonds payable 135,000 Required B >