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On January 1, the $6,300,000 par value bonds of Spitz Company with a carrying value of $6,300,000 are converted to 2,100,000 shares of $1 par
On January 1, the $6,300,000 par value bonds of Spitz Company with a carrying value of $6,300,000 are converted to 2,100,000 shares of $1 par value common stock Record the entry for the conversion of the bonds
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Advanced Financial Accounting
Authors: Thomas H. Beechy
5th Edition
0131236997, 9780131236998
