Oriole Limited had $2.1 million of bonds payable outstanding and the unamortized premium for these bonds amounted to $45,800. Each $1,000 bond was convertible into 20 preferred shares. All bonds were then converted into preferred shares. The Contributed Surplus - Conversion Rights account had a balance of $21,800. Assume that the company follows IFRS. (a) Assuming that the book value method was used, what entry would be made? (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer