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Prepare journal entry to record the conversion of the bonds

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Question - CONVERTIBLE DEBT AT TIME OF CONVERSION - On October 1, 2015, $2,000,000 bonds were converted into 28,000 shares of $15 par common stock. At the time of conversion, the unamortized premium is $5,200. Prepare journal entry to record the conversion of the bonds.

Reference no: EM131609781

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