On January $1,2023,$ DMW Corporation issued a series of $100$ convertible bonds, maturing in $5$ years. The face amount of each bond was $$500.$ DMW received $$51,300$ for the bond issue. The bonds paid interest every December $31$ at $6\%$; the market interest rate for bonds with a comparable level of risk was $6\mathrm{.}50\%.$ The bonds were convertible to common shares at a rate of $12$ common shares per bond. DMW amortized bond premiums and discounts using the effective interest method, and the company$$s year$-$end was December $31.$ DMW follows ASPE.

On January $1,2024,20$ of the bonds were converted into common shares. On June $30,2024,$ another $20$ bonds were converted into common shares. The bondholders chose to forfeit the accrued interest on these bonds.

On January $1,2025,$ when the fair value of the bonds was $$30,690$ due to a decrease in market interest rates, a conversion inducement of $$28/$bond was offered to the remaining bondholders to convert their bonds to common shares. All of the remaining $60$ bonds were converted into common shares at this time.

a$.$ Prepare the journal entry at January $1,2023.$

b$.$ Prepare the journal entry at December $31,2023.$

c$.$ Prepare the journal entry at January $1,2024.$

d$.$ Prepare the journal entry at June $30,2024.$

e$.$ Prepare the journal entry at December $31,2024.$

f$.$ Prepare the journal entry at January $1,2025.$

$($Do not round intermediate calculations. Round answers to $0$ decimal places e$.$g$.58,971.$ Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$List of AccountsAssistance Used

Accounts Payable

Accounts Receivable

Accumulated Other Comprehensive Income

Bonds Payable

Cash

Common Shares

Compensation Expense

Contributed Surplus $-$ Conversion Rights

Contributed Surplus $-$ Conversion Rights Expired

Contributed Surplus $-$ Expired Stock Options

Contributed Surplus $-$ Stock Options

Contributed Surplus $-$ Stock Warrants

Cost of Goods Sold

Debt Conversion Expense

Debt Retirement Expense

Deficit

Deposits

Derivatives $-$ Deposits

Derivatives $-$ Financial Assets$/$Liabilities

Equipment

Equity $-$ Fixed$-$for$-$fixed Derivative

Fair Value $-$ NI Investments

Finished Goods Inventory

Future Income Tax Liability

Gain

Gain on Redemption of Bonds

Gain on Retirement of Bonds

Gain or Loss on Derivatives

Interest Expense

Interest Income

Interest Payable

Interest Receivable

Inventory

Liability under Share Appreciation Rights Plans

Loss

Loss on Conversion of Bonds

Loss on Redemption of Bonds

Loss on Retirement of Bonds

No Entry

Notes Payable

Notes Receivable

Preferred Shares

Raw Materials

Raw Materials Inventory

Retained Earnings

Sales Revenue

Supplies

Unrealized Gain or Loss

Unrealized Gain or Loss $-$ OCI

Unrealized Holding Gain $-$ Futures Contract