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,…


Carla Vista Inc. issued $6.0 darling of 10-year, 7%, commensurate compacts on June 1, 2017 at 97 plus accrued attention. The compacts were dated April 1, 2017, after a while attention payable April 1 and October 1. Compact abatement is amortized semi-annually. Bonds after a whileout transmutation privileges would bear sold at 96 plus accrued attention.

On April 1, 2018, $1.50 darling of these compacts were converted into 30,000 contemptible shares. Accrued attention was compensated in currency at the space of transmutation but barely to the compactholders whose compacts were being converted. Assume that the crew follows IFRS.

a) Prepare the annals to annals the issuance of the commensurate compacts on June 1, 2017. (Credit totality titles are automatically minor when the quantity is invadeed. Do not indent manually. If no annals is required, excellent "No Entry" for the totality titles and invade 0 for the quantitys. Round answers to 0 decimal places, e.g. 5,275.)

b) Prepare the annals to annals the attention cost at October 1, 2017 by pro-rating the compute of months. Assume that attention payable was credited when the compacts were issued

b)Prepare the annals to annals the transmutation on April 1, 2018. (The tome rate arrangement is used.) Assume that the annals to annals amortization of the compact abatement and attention acquittal has been made

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