Exercise 14-21 Conversion of bonds payable LO7 Computalog Inc. showed the following on Its December 31, 2020, balance sheet: Bonds payable, convertible Less: Unamortized discount $4,130,000 14,868 $4,115,132 Required: 1. Assuming the bonds are convertible Into 413,000 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 > 1 Record the conversion of bonds into shares. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal