Semiannually on a straight-line basis

Reference no: EM13121022

Schuss Inc. issued $3,000,000 of 10%, 10-year convertible bonds on June 1, 2010, at 98 plus accrued interest. The bonds were dated April 1, 2010, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line basis.

On April 1, 2011, $1,000,000 of these bonds were converted into 30,000 shares of $20 par value common stock. Accrued interest was paid in cash at the time of conversion. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2. Round computations and final answers to 0 decimal places, e.g. 12,510.)

Reference no: EM13121022

Questions Cloud

Integers and real numbers : Now consider the real numbers. In fact, lets narrow our focus way down to just the part of the real line between 0 and 1. Circle that part of the real line. How many real numbers are there in between 0 and 1? What can you conclude from all this?

The drying rate in an industrial process is dependent : The drying rate in an industrial process is dependent on many factors and varies according to the following distribution.

Accounting reporting criteria : Compare and contrast the accounting reporting criteria-including regulatory environment, issues with foreign currency, differences in GAAP, and any others-of a U.S. company with a foreign company.

Compute the rate variance, the efficiency variance : Compute the rate variance, the efficiency variance, and the total direct labor cost variance for each of these two months. (Input all amounts as a positive value.

Semiannually on a straight-line basis : Schuss Inc. issued $3,000,000 of 10%, 10-year convertible bonds on June 1, 2010, at 98 plus accrued interest. The bonds were dated April 1, 2010, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-li..

Find expected value-variance of number of altered accounts : What is the probability that at least one of the alternations is discovered? Find the expected value and variance of the number of altered accounts discovered during the audit.

What is the mass of the propane in the flask : A 1.80-L flask is filled with propane gas (C3H8), at 1.00 atm and -19.4°C. What is the mass of the propane in the flask.

Evaluating exponential functions : Human populations can be modeled using an exponential growth function. Use the Library for research or other resources to find the following:

Determining application of linear equations : Think about a real life situation that follows a linear equation, with the independent variable being years. What would the slope tell you about future years?

User Account

All Pages