(a) December 31, 2021

Bond Interest Expense..................................................................... 191,360

Premium on Bonds Payable............................................................ 4,160
($4,160,000 X 2% X 1/20)
Cash ($4,160,000 X 9% X 6/12)............................................ 187,200

(b) January 1, 2022

Bonds Payable.................................................................................. 416,000
Premium on Bonds Payable............................................................ 6,656
Common Stock....................................................................... 332,800
[8 X $100 X ($416,000/$1,000)]
Paid-in Capital in Excess of Par........................................... 89,856

Total premium
($4,160,000 X .02) $83,200
Premium amortized
($83,200 X 2/10) 16,640
Balance $66,560

Bonds converted
($416,000 ÷ $4,160,000) 10%
Related premium
($66,560 X 10%) 6,656

(c) March 31, 2022

Bond Interest Expense..................................................................... 9,152
Premium on Bonds Payable............................................................ 208
($6,656 ÷ 8 years) X 3/12
Bond Interest Payable............................................................ 9,360
  ($416,000 X 9% X 3/12)

March 31, 2022

Bonds Payable.................................................................................. 416,000
Premium on Bonds Payable............................................................ 6,448
Common Stock....................................................................... 332,800
Paid-in Capital in Excess of Par........................................... 89,648

Premium as of January 1, 2009

for $416,000 of bonds $6,656
$6,656 ÷ 8 years remaining
X 3/12 (208)
Premium as of March 31, 2009
 for $400,000 of bonds $6,448

(d) June 30, 2022

Bond Interest Expense..................................................................... 121,180.80
Premium on Bonds Payable............................................................ 3,328
Bond Interest Payable...................................................................... 9,360
($416,000 X 9% X 1/4)***
Cash ..............................................................……………….. 133,868.80*

[Premium to be amortized:
($83,200 X 80%) X 1/20 = $3,328

***Total to be paid: ($3,328,000 X 8% ÷ 2) + $8,320 X 9% = $136,000