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Mayhew, Inc. has 100 $1,000 bonds, each convertible into 10 shares of $5 par common stock. At the time of conversion, the total unamortized discount

Mayhew, Inc. has 100 $1,000 bonds, each convertible into 10 shares of $5 par common stock. At the time of conversion, the total unamortized discount is $3,000. Prepare the journal entry to record the conversion of the bonds

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