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QS 10-11 Bond retirement by stock conversion LO P4 On January 1, the $3,750,000 par value bonds of Spitz Company with a carrying value of

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QS 10-11 Bond retirement by stock conversion LO P4 On January 1, the $3,750,000 par value bonds of Spitz Company with a carrying value of $3,750,000 are converted to 1.250,000 shares of $1 par value common stock, Record the entry for the conversion of the bonds. View transaction list Journal entry worksheet 1 Record the retirement of bonds by stock conversion. Note: Enter debits before credits Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal

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