- 71 View Policies Current Attempt in Progress Sweet Corporation issued 1.900 shares of $ 10 par value ordinary shares upon conversion of 950 shares of $ 50 par value preference shares. The preference shares were originally issued at $ 62 per share. The ordinary shares are trading at $ 26 per share at the time of conversion Record the conversion of the convertible preference shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Arrunt Tilt