11 60 $1000 Convertible bonds with a carrying value of $70000 are converted into 9100 shares of $5 par value common stock, the journal entry to record the conversion is Bonds Payable 70000 Discount on Bonds Payable 10000 Common Stock 45500 Pald-in Capital in Excess of Par 14500 Bonds Payable 60000 Premium on Bonds Payable 10000 Common Stock 70000 O Bonds Payable 70000 Common Stock 70000 O Bonds Payable 60000 Premium on Bonds Payable 10000 45500 Common Stock 24500 Paid-in Capital in Excess of Par Click if you would like to Show Work for this questions Open Show Work