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B C D E A On January 1, 2017, Darth Corp. issued $60000 of five-year, $1000 bonds payable at 103. These bonds were each convertible

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B C D E A On January 1, 2017, Darth Corp. issued $60000 of five-year, $1000 bonds payable at 103. These bonds were each convertible into 100 shares of $10 par common stock. On January 1, 2020, Darth converted all of these bonds when the stock was selling at $13.5 a share. Complete the matrix to indicate the amounts that would be recorded for the indicated accounts in the journal entry to record the bond conversion. 6 Loss on Bond Conversion (DR) Additional Paid in Capital (CR) 7 Book Value 8 Market Value 9 10 11 Record the journal entry for the bond conversion on December 31 using the book value method. 12 13 Date Account Title DR CR 14 15 16 17 18 19 20 Record the journal entry for the bond conversion on December 31 using the market value method 21 22 Date Account Title DR CR 23 24 25 26 27

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