Interest method, and the company's year-end was December 31. 303 bonds were converted into common shares at that time. Prepare the journal entry at January 1, 2023. Prepare the journal entry at

What should be done to prepare the journal entry at January 1, 2023, for the conversion of 303 bonds into common shares at the company's year-end of December 31? Choose the correct option.

a. No action is required.
b. Adjust the entries for interest method.
c. Combine the entries for interest method and common shares conversion.
d. Prepare separate entries for interest method and common shares conversion.