On January 1, $348,000 of par value bonds with a carrying value of $370.000 is converted to 58.000 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 0 Debit to Bonds Payable $348,000 0 O Credit to Common Stock $290,000. 0 O Debit to Bonds Payable $370.000 0 Credit to Pald-in Capital In Excess of Par Value. Common Stock $80,000 0 O Debit to Premium on Bonds Payable $22.000