VIEW POMIES Current Attempt in Progress Sheffield Inc. issued $3,780,000 of 10%, 10-year convertible bonds on June 1, 2020, at 99 plus accrued interest. The bonds were dated April 1, 2020, with interest payable April 1 and October 1, Bond discount is amortized semiannually on a straight-line basis. On April 1, 2021.91417.500 of these bonds were converted into 36,000 shares of $21 par value common stock. Accrued interest was paid in cash at the time of conversion. (a) Prepare the entry to record the interest expense at October 1, 2020. Assume that accrued interest payable was credited when the bonds were issued. (b) Prepare the entry to record the conversion on April 1, 2021. (Book value method is used.) Assume that the entry to record amortization of the bond discount and interest payment has been made. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required. select "No Entry" for the account titles and enter for the amounts. Round answers to 0 decimal places, e.g. 5.125.) No. Account Titles and Explanation Debit Credit (a) Interest Payable 63000 Interest Expense 127281 Discount on Bonds Payable 1281 Cash 189000 (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to O decimal places, e.g. 5,125.) Debit Credit No. Account Titles and Explanation (a) Interest Payable 63000 127281 Interest Expense Discount on Bonds Payable 1281 1 Cash 189000 (b) Bonds 1417500 Discount on Bonds Payable Common Stock Pald in Capitalin Excess of Par. Common Stock