A Company Has $817,000 in Bonds Payable with an Unamortized $\begin{array}{l}\text { Bonds Payable } &204,250\\\text { Common Stock }&&204,250\end{array}$

A company has $817,000 in bonds payable with an unamortized premium of $20,000.If one-fourth of the bonds are converted to common stock,the entry that would record the conversion is:

A)
$\begin{array}{l}\text { Bonds Payable } &204,250\\\text { Common Stock }&&204,250\end{array}$

B)
$\begin{array}{l}\text { Bonds Payable }&224,250 \\\text { Common Stock }&&224,250\end{array}$

C)
$\begin{array}{cc}\text { Common Stock } & 199,250 \\\text { Bonds Payable } && 199,250\end{array}$

D)
$\begin{array}{llr} \text {Bonds Payable } &204,250\\ \text {Unamortized Bond Premium } &&5,000\\ \text { Common Stock } &&&209,250\end{array}$