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Business, 27.07.2021 16:20 nolangriffin

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. View transaction list Journal entry worksheet 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 Note: Enter debits before credits. Date General Journal Debit Credit Dec 31

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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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