please answer asap!! I will thumbs up if correct! Please show your work. Also, all the ones in the table that I put (not correct), there is no option for bond interest payable or whatever is on other chegg answers. **IM POSTING THIS AGAIN BECAUSE THE LAST ONE HAD ALL WRONG ANSWERS**

On January 1, 2025, Swifty Corporation issued $3,860,000 of 10-year, 8% convertible debentures at 104. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into 8 shares of Swifty Corporation $102 par value common stock after December 31, 2026.

On January 1, 2027, $386,000 of debentures are converted into common stock, which is then selling at $113. An additional $386,000 of debentures are converted on March 31, 2027. The market price of the common stock is then $119. 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.

b. January 1, 2027..

c. March 31, 2027.

d. June 30, 2027.

Record the conversions using the book value method.

No.	Date	Acct titles	Debit	Credit
a.	Dec. 31 2026	Bond interest expense (not correct)	146,680
		Premium on bonds payable	7,720
		Cash		154,400
b.	Jan. 1 2027	Bonds payable
		Premiums on bonds payable
		Common stock
		Paid-in capital in excess of par - common stock
c.	Mar. 31, 2027	Bond interest expense (not correct)
		Premium on bonds payable
		Bond interest expense (not correct)
	Mar. 31, 2027	Bonds payable
		Premium on bonds payable
		Common stock
		Paid-in capital in excess of par - common stock
d.	Jun. 30, 2027	Bond interest expense (not correct)
		Premium on bonds payable
		Bond interest expense (not correct)
		Cash