TB MC Qu. 14-130 (Algo) On June 30, 2021, Blair Industries... On June 30, 2021, Blair Industries had outstanding $86 million of 6% convertible bonds that mature on June 30, 2022. Interest is payable each year on June 30 and December 31. The bonds are convertible into 7 million shares of $10 par common stock. At June 30, 2021, the unamortized balance in the discount on bonds payable account was $4 million. On June 30, 2021, half the bonds were converted when Blair's common stock had a market price of $33 per share. When recording the conversion, Blair should credit paid-in capital-excess of par: -38 Multiple Choice $10 million $8 million $.4 millinn & Drau 23 of 49 Nevt