A company has outstanding 259 $1,000 bonds, each convertible into 31 shares of $19 par...
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Accounting
A company has outstanding 259 $1,000 bonds, each convertible into 31 shares of $19 par value common stock. The bonds are converted on December 31, 2020, when the unamortized premium is $164,000 and the market price of the stock is $31 per share. For the journal entry made for the conversion, how much is Paid-in Capital in Excess of Par c/s?
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