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Cullumber Corporation issued $ 6 5 4 0 0 0 0 of 9 % , ten - year convertible bonds on July 1 , 2
Cullumber Corporation issued $ of tenyear convertible bonds on July at plus accrued interest. The bonds were dated April with interest payable April and October Bond discount is amortized semiannually on a straightline basis. On April $ of these bonds were converted into shares of $ par value common stock. Accrued interest was paid in cash at the time of conversion.
What portion of the balance in Discount on Bonds Payable on April relates to the bonds that were converted?
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