User Account

All Pages

Record the entry for the conversion

Assignment Help Accounting Basics
Reference no: EM13901213

On January 1, 2013, the $2,000,000 par value bonds of Spitz Company with a carrying value of $ 2,000,000 are converted to 1,000,000 shares of $1.00 par value common stock. Record the entry for the conversion of the bonds.

Reference no: EM13901213

Questions Cloud

Sylvestor company issues : Sylvestor Company issues 10%, five year bonds, on December 31, 2012, with a par value of $100,000 and semiannual interest payments. Use the following bond amortization table and prepare journal entries to record
Prepare a trial balance by entering the accout balance : Prepare a trial balance by entering the accout balance from the general ledger in the work sheet (list all accounts, including those with zero balances).
The company exercises the call option : The company exercises the call option after the semiannual interest is paid on June 30, 2013. Record the entry to retire the bonds.
Prove that n cannot be a carmichael number : Let a composite number n = pq has two prime factors. Prove that n cannot be a Carmichael number. Alice wants to send the plaintext "CRYFTOLOGY" to Bob via RSA cryptosystem, using Bob's public key. Bob then has to decrypt it. How can she implement i..
Record the entry for the conversion : Record the entry for the conversion of the bonds.
Bank and in return signs an installment note : Use Table B.3 in Appendix B to compute the amount of the annual payment for each of the following annual market rates:
Compute the debt to equity ratio : Compute the debt to equity ratio for each of the following companies.
Madrid company plans to issue : The remaining $400,000 sells at par on March 1, 2013. The bonds pay interest semiannually as of June 30 and December 31. Record the entry for the March 1 cash sale of bonds.
How much interest will boston pay : On January 1, 2013, Boston Enterprises issues bonds that have a $ 3,400,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amount of the payments earns compounded annually

What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to accumulate a fund of $90,000 by the end of the eight year, if the fund earns 8% interest, compounded annually?

  Spencer electronics has just developed a low-end electronic

spencer electronics has just developed a low-end electronic calendar that it plans to sell via a cable channel

  Bennett company uses the fifo method in its process costing

bennett company uses the fifo method in its process costing system. during april the equivalent units of production

  Compute the present value of this payment

Jeppson Company will receive $50,000 in five years when the interest rate is 6%. Compute the present value of this payment.

  The few places in north america to contain diamonds

Diamond Mountain was originally thought to be one of the few places in North America to contain diamonds

  Explain the meaning of the terms tangible and intangible

explain the meaning of the terms tangible and intangible and discuss how these terms are used in describing

  The accounting problem in the lump sum issuance is

the accounting problem in a lump sum issuance is the allocation of proceeds between the classes of securities. an

  The authors state that when replacing a firms ais system 30

the authors state that when replacing a firms ais system 30 of the work takes place during development and 70 is spent

  Relationships of the master-budget components

Dakota Fan, Inc., manufactures an inexpensive household fan that it sells to retailers for $40 per unit. All sales are on account, with 35 percent of sales collected in the month of sale and 65 percent collected in the following month. The data th..

  Write a letterto bill in which you indicate how the losses

in the current year bill parker 54 oak drive st.paul mn 55162 is considering making an investment of 60000 inbest

  Discuss the ethical dilemma moncrief faces

In 2012 the Moncrief Company purchased from Jim Lester the right to be the sole distributor in the western states of a product called Zelenex.

  Completing the forms

The forms, schedules, and instructions can be found at the IRS Web site ( HYPERLINK "http://www.irs.gov/" t "_blank" www.irs.gov). The instructions can be helpful in completing the forms.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd