On January 1, $314,400 of par value bonds with a carrying value of $328,000 is converted to 52,400 shares of $5 par value common stock. The entry to record the conversion of the bonds includes all of the following entries except Multiple Choice Debit to Bonds Payable $314,400. Credit to Paid-In Capital in Excess of Par Value, Common Stock $66,000. Credit to Common Stock $262,000. Debit to Premium on Bonds Payable $13,600. Debit to Bonds Payable $328,000