On January 1, $420,000 of par value bonds with a carrying value of $460,000 is converted to 70,000 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 $460,000. 0 Debit to Premium on Bonds Payable $40,000. 0 Credit to Common Stock $350,000. 0 Credit to Paid-In Capital in Excess of Par Value, Common Stock $110,000. 0 Debit to Bonds Payable $420,000