On July 1, 2012, an interest payment date, $60,000 of Parks Co.bonds were converted into 1,200 ordinary shares of Parks Co.each having a par value of $45 and a fair value of $54.There is $2,400 unamortized discount on the bonds.Parks would record

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The Answer of On July 1, 2012, an interest payment date, $60,000 of Parks Co.bonds were converted into 1,200 ordinary shares of Parks Co.each having a par value of $45 and a fair value of $54.There is $2,400 unamortized discount on the bonds.Parks would record

On July 1, 2012, an Interest Payment Date, $60,000 of Parks