The JEM Corporation's fiscal year ends on December 31. On July 1, 2016, JEM authorized $1,000,000...

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The JEM Corporation's fiscal year ends on December 31". On July 1, 2016, JEM authorized $1,000,000 of six-percent, eight-year, callable debentures, scheduled to pay interest annually on each June 30th. On November 30, 2017, JEM issued half of the bonds, at a premium of $27,650, in return for both cash and a building that had a fair value of $250,000. All interest accrued to the issuance date was also paid in cash by the lender. On March 1, JEM paid all interest due to date and then (i) called one-half of the bonds, paying each investor S1.200 for each bond held, and (ii) converted the remaining bonds into 2,000 shares of JEM's S100 par value preferred stock. Although you may wish to understand all the journal entries made from the authorization date to redemption of The JEM Corporation's bonds, provide only the journal entries related to the bonds on July 1, 2016, November 30, 2017, and March 1, 2019. The JEM Corporation's fiscal year ends on December 31". On July 1, 2016, JEM authorized $1,000,000 of six-percent, eight-year, callable debentures, scheduled to pay interest annually on each June 30th. On November 30, 2017, JEM issued half of the bonds, at a premium of $27,650, in return for both cash and a building that had a fair value of $250,000. All interest accrued to the issuance date was also paid in cash by the lender. On March 1, JEM paid all interest due to date and then (i) called one-half of the bonds, paying each investor S1.200 for each bond held, and (ii) converted the remaining bonds into 2,000 shares of JEM's S100 par value preferred stock. Although you may wish to understand all the journal entries made from the authorization date to redemption of The JEM Corporation's bonds, provide only the journal entries related to the bonds on July 1, 2016, November 30, 2017, and March 1, 2019.