Long Company had $1,830,000 of bonds outstanding. Each $1,000 bond can be converted into 30 shares of Long Company $27 par stock. On May 19, 2020, when the bond carrying value was $1,920,000, bondholders converted 20% of the bonds to common stock. Required: Journalize the entry to record the conversion of the bonds. Note: Assume that all interest has been paid and that the discount has been amortized to date. Date Account Title Debit Credit May 19 (Choose one) Bonds Payable Common Stock Discount on Bonds Payable Paid-in Capital in Excess of Par Premium on Bonds Payable