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Business, 13.02.2020 22:58 lafuiciosa10
On December 31, Lowland, Inc., converts its $900,000 par value bonds (carrying value also $900,000) into 90,000 shares of $6 par value common stock. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
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On December 31, Lowland, Inc., converts its $900,000 par value bonds (carrying value also $900,000)...
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