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On January 1, the $2,700,000 par value bonds of Spitz Company with a carrying value of $2,700,000 are converted to 900,000 shares of $1
On January 1, the $2,700,000 par value bonds of Spitz Company with a carrying value of $2,700,000 are converted to 900,000 shares of $1 par value common stock. Record the entry for the conversion of the bonds. View transaction list Journal entry worksheet 1 Record the retirement of bonds by stock conversion. Note: Enter debits before credits Date Jan 01 General Journal Debit Credit
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Principles of Accounting
Authors: Belverd Needles, Marian Powers, Susan Crosson
10th edition
618736611, 978-1111809508, 111180950X, 978-0618736614
