Bramble Corp. has $4080000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value common stock. The bonds pay interest on January 31 and July 31. On July 31, 2018, the holders of $1210000 bonds exercised the conversion privilege. On that date the market price of the bonds was 105 and the market price of the common stock was $35. The total unamortized bond premium at the date of conversion was $280000. Bramble should record, as a result of this conversion, a I know the answer is credit of $205000 to Paid-in Capital in Excess of Par, but can anyone show me the journal entries?