a Bonds Payable Common Stock b. Bonds Payable Premium on Bonds Payable. Common Stock. 69,000 69,000 60,000 9,000 69,000 c. Bonds Payable 60,000 Premium on Bonds Payable. 9,000 Common Stock 45,000 Paid-in Capital in Excess of Par 24,000 d. Bonds Payable 69,000 Discount on Bonds Payable 9,000 Common Stock 45,000 Paid-in Capital in Excess of Par 15,000 If sixty $1,000 convertible bonds with a carrying value of $69,000 are converted into 9,000 shares of $5 par value common stock, the journal entry to record the conversion is