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On January 1, $367,200 of par value bonds with a carrying value of $394,000 is converted to 61,200 shares of $5 par value common stock.

On January 1, $367,200 of par value bonds with a carrying value of $394,000 is converted to 61,200 shares of $5 par value common stock. The entry to record the conversion of the bonds includes all of the following entries except:

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