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Computalog Inc. showed the following on its December 31, 2020, balance sheet: Bonds payable, convertible Less: Unamortized discount $4,100,000 14,760 $4,085,240 Required: 1. Assuming
Computalog Inc. showed the following on its December 31, 2020, balance sheet: Bonds payable, convertible Less: Unamortized discount $4,100,000 14,760 $4,085,240 Required: 1. Assuming the bonds are convertible into 410,000 common shares, journalize the conversion on January 1, 2021, when the market value per common share was $10.25. View transaction list Journal entry worksheet Record the conversion of bonds into shares.
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