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

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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