If bonds with a face value of $300,000 are converted into 10,000 common stock ($15 par), when the carrying value of the bonds is $280,000, the entry to record the conversion will include a credit to

Select one:

a. Bonds Payable for $300,000.

b. Common stocks $150,000.

c. Discount on Bonds Payable for $20,000.

d. Paid in capital in excess of par for $130,000