1. Prepare the journal entries for the issuance of the bonds by Gless on January 1, 2006.
2. Prepare the journal entries for the June 30, 2010, interest payment by Gless assuming that Gless uses straight-line amortization.
3. On July 1, 2011, when Gless’s common stock had a market price of $33 per share all of the bonds were converted into common shares.
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