Business
Business, 22.03.2021 19:50, jefarmjefarm9659

If bonds with a face value of $154000 are converted into common stock when the carrying value of the bonds is $136000, the entry to record the conversion will include a debit to Discount on Bonds Payable for $18000. Bonds Payable equal to the market price of the bonds on the date of conversion. Bonds Payable for $154000. Bonds Payable for $136000.

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