Accounting for Convertible Debt Kallapur, Inc. has issued convertible debentures: each $2.000 bond is convertible into 400 shares of $1 par common stock Assume that the bonds were sold at a discount and that each bond has a current unamortized discount equal to $300 Required Using the financial statement effects template, ilustrate the effects of the conversion of one of its bonds Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction Note: indicate a decrease in an account category by including a negative sign with the amount Transaction Conversion of bond into common shares Balance Sheet Cash Noncash Assets Centra Liabilities Contri Earned Capital Capital Common Accounting for Convertible Debt Kallapur, Inc., has issued convertible debentures: each $2,000 bond is convertible into 400 shares of $1 par common stock. Assume that the bonds were sold at a discount and that each bond has a current unamortized discount equal to $300 Required Using the financial statement effects template, ilustrate the effects of the conversion of one of its bonds Note: For each account category, indicate the appropriate account name Enter "N/A" for any account category that is not used for a given transaction Note indicate a decrease in a in an account category by including a negative sign with the amount Noncash Assets Liabilities O Previs Save Answers Income Statement Centra Liabilities Contrib Capital Earned Capital Revenues Common Mark Net Expenses Income Cash Additional paid-in cl Bonds discount Common stock ttempt O NA