K Suppose ABC Corporation has $5,000,000 of bonds outstanding with an unamortized premium of $75,000. The bonds are convertible. Assume bondholders converted half of the bonds into 550,000 common shares on September 1, 2020. Record the conversion of these bonds into common shares.

half of the bonds imb 550,000 common shares on September 1,2020. Record the corverwion of these bends inte comnon shares