Maripold Compary has bonds payable outumding in the amount of $500.000, and the Premium on flonds Payable account hus a bulanke ef $8.700. Exch $1.000 bond is corvert ble hito 20 vhares of preferred stock of par value of $50 per share. All bonds are comerted into preterred stock: Assuming that the book value method was uned, what entry would be made? a hit all debit entries befoee credit entries, Credit account titles are outamatically indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry for the account tifter and enter ofor the dmounts