7 pts The accounts for the Davidson Company at July 31, 2019 after all adjustments have been made include the following: Convertible Bonds Payable....$1,000,000 Unamortized Bond Premium..... 30,000 Unamortized Bond Issue Cost..... 10,000 All of the bonds are converted into 20,000 shares of the company's $10 par value common stock. In order to induce the bondholders to convert all of the bonds, Davidson also paid an additional $50,000 to the bondholders. At the time of the conversion, the company's common stock was selling at $50 per share. Prepare the journal entry to record the conversion of the bonds payable assuming the company uses the book value method. Use the table format option in the answer space to add an element of structure to your answer. For example: $$$$$$ Account debited Account credited $$$$$