Multiple Choice Question 63 43 $1000 bonds with a carrying value of $52600 are converted into 4000 shares of $5 par value common stodk. The common stock had a market vakue of s9 per share on the date of conversion. The entry to record the conversion is O Bonds Payable Premium on Bonds Payable 9600 Common Stock 20000 Paid-in Capital in Excess of Par 32600 Bonds Payable 52600 Common Stock Paid-in Capital in Excess of Par 20000 32600 O Bonds Payable 52600 36000 Common Stock Paid-in Capital in Excess of Par 6600 O Bonds Payable 43000 9600 Premium on Bonds Payable 43000 9600 Common Stock Paid-in Capital in Excess of Par