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> Question 29 3 pts In 2020, Wang Company converted 300 of its 8% $1,000 par value bonds to common stock. At the time of

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> Question 29 3 pts In 2020, Wang Company converted 300 of its 8% $1,000 par value bonds to common stock. At the time of conversion, the 300 bonds had a discount on bonds payable balance of $15,000. Each bond was converted into 25 shares of common stock with a par value of $20 and a fair market value of $40 per share. What is the credit adjustment to the "Additional Paid-in Capital - Common Stock" account in the entry to record the conversion? (Enter a positive number)

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