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Computalog Inc. showed the following on its December 31, 2023, balance sheet Bonds payable, convertible Less: Unamortized discount $4,030,000 14,508 $4,015,492 Required: 1. Assuming

Computalog Inc. showed the following on its December 31, 2023, balance sheet Bonds payable, convertible Less: Unamortized discount $4,030,000 14,508 $4,015,492 Required: 1. Assuming the bonds are convertible into 403,000 common shares, journalize the conversion on January 1, 2024, when the market value per common share was $10.25

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