Question: On December 31, 2025, Ford issues $2,000,000 face value, 5%, 5-year bonds. Interest is paid semiannually each June 30 & December 31. The bonds sell

On December 31, 2025, Ford issues $2,000,000 face value, 5%, 5-year bonds. Interest is paid semiannually each June 30 & December 31. The bonds sell at a price of 96;

Record the entry if the bonds were converted for 10,000 shares $100 par common stock on Dec. 31, 2030

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