Knowledge Check 01 On December 31, Lowland, Inc, converts its $900,000 par value bonds (carrying value also $900,000) into 90,000 shares of $6 par value common stock Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns View transaction list Journal entry worksheet On December 31, Lowland, Inc., converts its $900,000 par value bonds (carrying value also $900,000) into 90,000 shares of $6 par value common stock Note: Enter debits before credits. Date General Journal Debit Credit Dec 31