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Question 11 (5 points) Listen On March 1, 2021. ASU Corporation Bonds Payable account has a balance of $1,000,000 and the Premium on Bonds Payable account has a balance of $100,000. Each $1,000 bond is convertible into 30 shares of common stock with a par value of $15 per share. All bonds are converted into common stock. The fair value of the common stock on March 1 is $30 per share. What is the journal entry to record the conversion of these bonds into common stock? Debit: Bonds Payable, 1,000,000 and Premium on Bonds Payable, 100,000 Credit: Common Stock, 450,000 and Paid-in Excess-Common, 650,000 Debit: Bonds Payable, 1.100.000 Credit: Common Stock, 450,000 and Paid- in Excess of Par-Common, 650,000 Debit: Bonds Payable, 1.100.000 Credit: Common Stock, 1,000,000 and Gain on Conversion, 100.000 Debit: Bonds Payable, 1,000,000; Loss on Conversion, 100,000 Credit: Common Stock, 650,000; Paid-in Excess of Par-Common, 450,000 Rams Corporation had 100,000 shares of common stock outstanding on January 1, 2020. On March 1, Rams issued 20,000 shares. On August 1, Rams purchased 30,000 treasury shares. On December 1, Rams issued a 3:1 stock split. What is Rams Corporation weighted average number of shares outstanding for 2020? 270,000 shares 180,500 shares. 312,500 shares. 290,000 shares