Question: On January 1 , 2 0 2 5 , Nash Corporation issued $ 4 , 0 8 0 , 0 0 0 of 1 0

On January 1,2025, Nash Corporation issued $4,080,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into 8 shares of Nash Corporation $101 par value common stock after December 31,2026.
On January 1,2027,$408,000 of debentures are converted into common stock, which is then selling at $111. An additional $408,000 of debentures are converted on March 31,2027. The market price of the common stock is then $115. Accrued interest at March 31 will be paid on the next interest date.
Bond premium is amortized on a straight-line basis.
Make the necessary journal entries for:
a. December 31,2026.
c. March 31,2027.
b. January 1,2027.
d. June 30,2027.
On January 1,2025, Nash Corporation issued $4,080,000 of 10-year, 8% convertible

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