WU. Prepare the journal entry to record the repurchase on January 1, 2020 E16.3 (01) (Issuance and Repurchase of Convertible Bonds) On January 1, 2019. Cai Ltd. issued a 10% convertible bond at par, with a face value 100,000, maturing on January 1, 2029 (amounts in thousands). The bond is convertible into ordinary shares of Cai at a conversion price of 2,500 pe share. Interest is payable annually. At date of issue, Cai could have issued at par non-convertible debt with a 10-year term bearing an interest rate of 11% Instructions a. Prepare the journal entry to record the issuance of the convertible debt on January 1, 2019. b. On January 1, 2022, Cal makes a tender offer to the holder of the convertible debt to repurchase the bond for 112,000, which the holder accepts. At the date of repurchase. Cai could have issued non-convertible debt with a 7-year term at an effective interest We've updated or read aloud featured entry to record this repurchase on January 1, 2022 5464 LOVISSING Conversion. Repurchase of Convertible Bands 2010. dece 15 Speed Give it a bry here COM D 90 X 0 A % 5 V 9 8 7 6 4 1 O V U E R T E D: lo IL