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Prepare the journal entry to record the conversion of the bonds into 15,000 shares of $10 par value common stock. Assume the bonds were issued

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Prepare the journal entry to record the conversion of the bonds into 15,000 shares of $10 par value common stock. Assume the bonds were issued at par. (Credit account Indented when the amount is entered. Do not Indent manually.) Account Titles and Explanation Bonds Payable Common Stock Pald-in Capital in Excess of Par-Common Stock Prepare the journal entry to record the conversion of the bonds into 15,000 shares of $10 par value common stock. Assume the bonds were issued at par. (Credit account Indented when the amount is entered. Do not Indent manually.) Account Titles and Explanation Bonds Payable Common Stock Pald-in Capital in Excess of Par-Common Stock

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