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Trillium Gold Inc s December 31, 2020, adjusted trial balance shows the following Account Description Bonds payable, convertible Premium on bonds payable Balance $1,050,000 14,000
Trillium Gold Inc s December 31, 2020, adjusted trial balance shows the following Account Description Bonds payable, convertible Premium on bonds payable Balance $1,050,000 14,000 "Assume normal balances Required: 1. What is the carrying value of the bonds on December 31, 2020? Carrying value 2. The bonds were converted into 105 000 common shares on January 1, 2021. Journalize the entry assuming the market value per common share on this date was $910
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