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Computalog inc. showed the following on its December 31, 2023, balance sheet: Required: 1. Assuming the bonds are convertible into 413,000 common shares, Journalize the

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Computalog inc. showed the following on its December 31, 2023, balance sheet: Required: 1. Assuming the bonds are convertible into 413,000 common shares, Journalize the conversion on January 1. 2024, when the market value per common share was $10.25 Journal entry worksheet 2. How will the conversion of bonds into common shares affect the elements of the balance sheet (assets, llabilities, equity)

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