Problem 14-19 (Algo) Convertible bonds; induced conversion; bonds with detachable warrants [LO14-5] Bradley-Link's December 31, 2021, balance sheet included the following items: Note 8: Bonds (in part) The 7.0% bonds were issued in 2008 at 970 to yield 10%. Interest is paid semiannually on June 30 and December 31 . Each $1,000 bond is convertible into 40 shares of the Company's no par common stock. The 7.8% bonds were issued in 2012 at 103 to yield 10%. Interest is paid semiannually on June 30 and December 31 . Each $1,000 bond was issued with 40 detachable stock warrants, each of which entitles the holder to purchase one share of the Campany's no par common stock for $25, beginning 2022 On January 3, 2022, when Biadley-Link's common stock had a market pnce of $32 per share, Bradiey-Link called the convertible bonds to force conversion. 90% were converted; the remainder were acquired ot the call price. When the common stock price reached an all-time high of $37 in December of 2022,40% of the wartants were exercised. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012. required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in million 10,000,000 should be entered as 10 ), rounded to nearest whole number). Journal entry worksheet Record the bond issue that was originally sold in 2008 . Note: Enter debits before credits. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012 . (If no en required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in millions (i.e., 10,000,000 should be entered as 10 ), rounded to nearest whole number). Journal entry worksheet Record the bond issue that was originally sold in 2012. Note: Enter debits before credits. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 ano retirement of the remainder. (If no entry is required for a transaction/event, select "No journal entry required" in the first acc Enter your answers in millions rounded to 1 decimal place (i.e, 5,500,000 should be entered as 5.5)). Journal entry worksheet Record the conversion of 90% of the convertible bonds. Note: Enter debits before oredits: Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 and the retirement of the remainder. (If no entry is required for a transaction/event, select "No journat entry required" in the first account field Enter your answers in millions rounded to 1 decimal place (i.e, 5,500,000 should be entered as 5.5)). Journal entry worksheet Record the retirement of the remainder bonds. Note: Enter debits before credits. Assume Bradley-Link induced conversion by offering $150 cash for each bond converted. Prepare the journal entry to record (book valu method) the conversion of 90% of the convertible bonds in January 2022. (if no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5) ). Show less 4 Journal entry worksheet Record the conversion of 90% of the convertible bonds. Notet Enter debits before credits. Assume Bradley-Link induced conversion by modifying the conversion ratio to exchange 45 shares for each bond rather than the 40 shares provided in the contract. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022. (If no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (1.e,5,500,000 should be entered as 5.5) ). Show lessA Journal entry worksheet Record the conversion of 90% of the convertible bonds. Notei Enter debits before credits Prepare the journal entry to record the exercise of the warrants in December 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i:e., 5,500,000 should be entered as 5.5)). Journal entry worksheet Note: Enter debite before credits. Problem 14-19 (Algo) Convertible bonds; induced conversion; bonds with detachable warrants [LO14-5] Bradley-Link's December 31, 2021, balance sheet included the following items: Note 8: Bonds (in part) The 7.0% bonds were issued in 2008 at 970 to yield 10%. Interest is paid semiannually on June 30 and December 31 . Each $1,000 bond is convertible into 40 shares of the Company's no par common stock. The 7.8% bonds were issued in 2012 at 103 to yield 10%. Interest is paid semiannually on June 30 and December 31 . Each $1,000 bond was issued with 40 detachable stock warrants, each of which entitles the holder to purchase one share of the Campany's no par common stock for $25, beginning 2022 On January 3, 2022, when Biadley-Link's common stock had a market pnce of $32 per share, Bradiey-Link called the convertible bonds to force conversion. 90% were converted; the remainder were acquired ot the call price. When the common stock price reached an all-time high of $37 in December of 2022,40% of the wartants were exercised. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012. required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in million 10,000,000 should be entered as 10 ), rounded to nearest whole number). Journal entry worksheet Record the bond issue that was originally sold in 2008 . Note: Enter debits before credits. Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2008 and 2012 . (If no en required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in millions (i.e., 10,000,000 should be entered as 10 ), rounded to nearest whole number). Journal entry worksheet Record the bond issue that was originally sold in 2012. Note: Enter debits before credits. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 ano retirement of the remainder. (If no entry is required for a transaction/event, select "No journal entry required" in the first acc Enter your answers in millions rounded to 1 decimal place (i.e, 5,500,000 should be entered as 5.5)). Journal entry worksheet Record the conversion of 90% of the convertible bonds. Note: Enter debits before oredits: Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 and the retirement of the remainder. (If no entry is required for a transaction/event, select "No journat entry required" in the first account field Enter your answers in millions rounded to 1 decimal place (i.e, 5,500,000 should be entered as 5.5)). Journal entry worksheet Record the retirement of the remainder bonds. Note: Enter debits before credits. Assume Bradley-Link induced conversion by offering $150 cash for each bond converted. Prepare the journal entry to record (book valu method) the conversion of 90% of the convertible bonds in January 2022. (if no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5) ). Show less 4 Journal entry worksheet Record the conversion of 90% of the convertible bonds. Notet Enter debits before credits. Assume Bradley-Link induced conversion by modifying the conversion ratio to exchange 45 shares for each bond rather than the 40 shares provided in the contract. Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022. (If no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (1.e,5,500,000 should be entered as 5.5) ). Show lessA Journal entry worksheet Record the conversion of 90% of the convertible bonds. Notei Enter debits before credits Prepare the journal entry to record the exercise of the warrants in December 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i:e., 5,500,000 should be entered as 5.5)). Journal entry worksheet Note: Enter debite before credits