On july 1 2012 an interest payment date 80000 of parks co

Reference no: EM13609409

On July 1, 2012, an interest payment date, $80,000 of Parks Co. bonds were converted into 1,600 shares of Parks Co. common stock each having a par value of $45 and a market value of $54. There is $3,200 unamortized discount on the bonds. Using the book value method, Parks would record.

Reference no: EM13609409

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