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On January 1.2017, the $4.400,000 par value bonds of Spitz Company with a carrying value of $4,400,000 are converted to 2.200,000 shares of $1.00 par

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On January 1.2017, the $4.400,000 par value bonds of Spitz Company with a carrying value of $4,400,000 are converted to 2.200,000 shares of $1.00 par value common stock Record the entry for the conversion of the bonds. View transaction list Journal entry worksheet Record the retirement of bonds by stock conversion. Note: Enter debits before credits Debit Credit Date Jan 01, 2017 General Journal

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