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Computalog Inc. showed the follving on its December 31, 2020, balance sheet: $4, 140, Bonds payable, convertible Less: Unamortized discount 14, Required: 1. Assuming the

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Computalog Inc. showed the follving on its December 31, 2020, balance sheet: $4, 140, Bonds payable, convertible Less: Unamortized discount 14, Required: 1. Assuming the bonds are convertible into 414,000 common shares, journalize the conversion on January 1, 2021, when the market value per common share was $10.25. Computalog Inc. showed the follving on its December 31, 2020, balance sheet: $4, 140, Bonds payable, convertible Less: Unamortized discount 14, Required: 1. Assuming the bonds are convertible into 414,000 common shares, journalize the conversion on January 1, 2021, when the market value per common share was $10.25

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