Thompson Company had $870,000 of bonds outstanding. Each $1,000 bond can be converted into 29 shares of Thompson Company $15 par stock. On May 19, 2020, when the bond carrying value was $830,100, bondholders converted 66 1/3% of the bonds to common stock. Required: Journalize the entry to record the conversion of the bonds. Note: Assume that all interest has been paid and that the discount has been amortized to date. Date Account Title Debit Credit May 19 I (Choose one) Bonds Payable Common Stock Discount on Bonds Payable Paid-in Capital in Excess of Par Premium on Bonds Payable