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twenty 1000 bonds with a cerrying value of 38,400 are converted into 3000 shares of 5 par value common stock. the common stock had a

twenty 1000 bonds with a cerrying value of 38,400 are converted into 3000 shares of 5 par value common stock. the common stock had a merket value of 9 per share on the date of conversion.

prepare journal entry to record conversion of bond to stock

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