xChegg.com C Secure | https/ SSNT.14. PRACTICE- LO2 6 Saved Help Save & Exlt Submit Check my work 19 Problem 14-211 On January 1, 2018, Fowl Products issued $80 million of 6%, 10-year convertible bonds at a net price of S81.6 million. Fowi recently issued similar, but nonconvertible, bonds at gg (that is, gg% of face amount) The bonds pay interest on June 30 and December 31 Each $1,000 bond is convertible into 30 shares of Fowl's no par common stock. Fowl records interest by the straight-line method. On June 1, 2020, Fowl notified bondholders of its intent to call the bonds at face value plus a 1% call premium on July 1.2020. By June 30 all bondholders had chosen to convert their bonds into shares as of the interest payment date On June 30, Fowl paid the semiannual interest and issued the requisite number of shares for the bonds being converted. Print Required: 1. Prepare the journal entry for the issuance of the convertible bonds by Fowl 2. Prepare the journal entry for the June 30, 2020, interest payment for the convertible bonds. 3. Prepare the journal entries for the June 30, 2020, interest payment by Fowl and the conversion of the bonds (book value method) Roferences Complete this question by entering your answers in the tabs below Required Required 2Required 3 Prepare the journal entry for the issuance of the bonds by Fowl. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Type here to search