On january 1, 2020, whispering corporation issued $3,740,000 of 10-year, 8% convertible debentures at 102. interest is to be paid semiannually on june 30 and december 31. each $1,000 debenture can be converted into 8 shares of whispering corporation $100 par value common stock after december 31, 2021. on january 1, 2022, $374,000 of debentures are converted into common stock, which is then selling at $111. an additional $374,000 of debentures are converted on march 31, 2022. the market price of the common stock is then $116. accrued interest at march 31 will be paid on the next interest date. bond premium is amortized on a straight-line basis. make the necessary journal entries for: (a) december 31, 2021. (c) march 31, 2022. (b) january 1, 2022. (d) june 30, 2022.

Consider the following potential events that might have occurred to global on december​ 30, 2016. for each​ one, indicate which line items in​ global's balance sheet would be affected and by how much. also indicate the change to​ global's book value of equity. a. global used $ 19.8$19.8 million of its available cash to repay $ 19.8$19.8 million of its​ long-term debt. b. a warehouse fire destroyed $ 4.9$4.9 million worth of uninsured inventory. c. global used $ 4.6$4.6 million in cash and $ 5.1$5.1 million in new​ long-term debt to purchase a $ 9.7$9.7 million building. d. a large customer owing $ 3.2$3.2 million for products it already received declared​ bankruptcy, leaving no possibility that global would ever receive payment. e. ​global's engineers discover a new manufacturing process that will cut the cost of its flagship product by more than 48 %48%. f. a key competitor announces a radical new pricing policy that will drastically undercut​ global's prices.