Psychology homework help

Carla Vista Inc. issued $6.0 million of 10-year, 7%, convertible bonds on June 1, 2017 at 97 plus accrued interest. The bonds were dated April 1, 2017, with interest payable April 1 and October 1. Bond discount is amortized semi-annually. Bonds without conversion privileges would have sold at 96 plus accrued interest.On April 1, 2018, $1.50 million of these bonds were converted into 30,000 common shares. Accrued interest was paid in cash at the time of conversion but only to the bondholders whose bonds were being converted. Assume that the company follows IFRS.a) Prepare the entry to record the issuance of the convertible bonds on June 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)b) Prepare the entry to record the interest expense at October 1, 2017 by pro-rating the number of months. Assume that interest payable was credited when the bonds were issuedb)Prepare the entry to record the conversion on April 1, 2018. (The book value method is used.) Assume that the entry to record amortization of the bond discount and interest payment has been made