Oriole Inc. has $3 million of 6% convertible bonds outstanding. Each $1,000 bond is convertible into 30 no par value common shares. The bonds pay interest on January 31 and July 31. On July 31, 2020, the holders of $840,000 of these bonds exercised the conversion privilege. On that date, the market price of the bonds was 109, the market price of the common shares was $40, the carrying value of the common shares was $20, and the Contributed Surplus - Conversion Rights account balance was $406,000. The total unamortized bond premium at the date of conversion was $197,000. The remaining bonds were never converted and were retired when they reached the maturity date. Assume that the company follows IFRS. Assuming that the book value method was used, record the conversion of the $840,000 of bonds on July 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Date July 31, 2020 Debit Credit Prepare the journal entry that would be required for the remaining amount in Contributed Surplus-Conversion Rights when the maturity of the remaining bonds is recorded. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit