Reference no: EM131768953
Question: On January 1, 2017, Riverbed Corporation issued $4,020,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into 8 shares of Riverbed Corporation $100 par value common stock after December 31, 2018.
On January 1, 2019, $402,000 of debentures are converted into common stock, which is then selling at $110. An additional $402,000 of debentures are converted on March 31, 2019. The market price of the common stock is then $114. Accrued interest at March 31 will be paid on the next interest date.
Bond premium is amortized on a straight-line basis.
Make the necessary journal entries for:
| (a) |
|
December 31, 2018. |
|
(c) |
|
March 31, 2019. |
| (b) |
|
January 1, 2019. |
|
(d) |
|
June 30, 2019. |
Record the conversions using the book value method.
|
What would happen if you had a small tablet startup business
: What would happen if you had a small tablet start-up business and you only had one person on call for service issues?
|
|
Determine expenditures on the project
: On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2017.
|
|
Determine the timing and amount of revenue recognition
: Easywrite Software Company shipped software to a customer on July 1, 2011. Determine the timing and amount of revenue recognition for the $243,000
|
|
Can the person be charged with multiple violations
: Assume a person accidentally picks up a credit card that is not theirs and uses the card in several instances.
|
|
Record the conversions using the book value method
: On January 1, 2017, Riverbed Corporation issued $4,020,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30.
|
|
How anti-inequality and anti-poverty programs may lead
: Explain how anti-inequality and anti-poverty programs may lead to more income inequality and poverty in society. looking for more opinion.
|
|
What is the average daily employee hours for the month
: What is the average daily sales for month? What is the average daily employee hours for the month? What is correlation between daily sales and daily food cost?
|
|
Customer to settle a past-due account
: On November 1, Orpheum Company accepted a $12,500, 90-day, 33% note from a customer to settle a past-due account.
|
|
Basic financial statements to perform ratio analysis
: 1) How to analyze a firm using the basic financial statements to perform ratio analysis.
|