1. XYZ Co. has outstanding $200,000 par value Convertible Bonds. The bonds were originally issued at a $10,000 Premium. All the bonds were converted into 6,000 shares of $20 par value Common Stock. At the time of conversion, the unamortized Premium is $4,500. The market value of the bonds is $190,000, and the stock is quoted on the market at $50 per share. Prepare a journal entry to record the conversion assuming XYZ Co. uses the Book Value method.

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.