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Trilium Gold Inc.'s December 31, 2020, adjusted trial balance shows the following: Account Description Bonds payable, convertible Premium on bonds payable Balance $1,250,000 16,667 *Assume
Trilium Gold Inc.'s December 31, 2020, adjusted trial balance shows the following: Account Description Bonds payable, convertible Premium on bonds payable Balance $1,250,000 16,667 *Assume normal balances. | Required: 1. What is the carrying value of the bonds on December 31, 2020? (Round the final answer to the nearest whole dollar.) Carrying value 2. The bonds were converted into 125,000 common shares on January 1, 2021. Journalize the entry assuming the market value per common share on this date was $9.1. (Round the final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the conversion of bonds into shares. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal
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