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Starship Inc. has $1,600,000 of bonds outstanding with an unamortized discount of $73,200 immediately following the latest interest payment. At that time, 100% of the
Starship Inc. has $1,600,000 of bonds outstanding with an unamortized discount of $73,200 immediately following the latest interest payment. At that time, 100% of the bonds were converted into 40,000 common shares. The entry to record the conversion would include a O A. credit to Common Shares for $1,526,800 B. credit to Common Shares for $1,600,000 C. debit to Discount on Bonds Payable for $73,200 D. debit to Bonds Payable for $1,526,800
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