Novak company has bonds payable outstanding in the amount of $430,000, and the Premium on Bonds Payable account has a balance of $9500 Each $1000 bond is convertible into 20 shares of preferred stock of par value of $50 per share. All bonds are coniverted into preferredstock Assuming that the book value method was used; what entry would be made? (Crodit occount tides are aitomaticolly indented when amount is enteied, Do not indent manualy if no entry is required, select "No Entry for the eccount ej fer and anter of for the aincunts