Use the proportional method to record the issuance

Reference no: EM131807782

Flint Corporation issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 98, and the warrants had a market price of $47.

Use the proportional method to record the issuance of the bonds and warrants.

(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round intermediate calculations to 5 decimal places, e.g. 1.24687 and final answers to 0 decimal places, e.g. 5,125.)

Reference no: EM131807782

Questions Cloud

Prepare the journal entry to record the early retirement : The bonds were originally issued at a premium of $310,000 and at the time the bonds were redeemed, $124,000 of the premium had been amortized.

Review ford motor companys form ten-k : Review Ford Motor Company's Form 10-K for 2012. Explain the purpose of a company's 10-K and how it interprets the firm's financial strength.

What is the conclusion to the test : An economics professor states on her syllabus that final grades will be distributed using the normal distribution. The final averages of 300 students.

Determine the project benefits and organizational readiness : Determine the project benefits, organizational readiness, and risk culture of the company in the case study. Provide justification for your response.

Use the proportional method to record the issuance : Flint Corporation issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant.

Certain piece of equipment : We know that a certain piece of equipment will cost $150,000 in 5 years. How much must be deposited today using 10% interest to pay for it?

Calculate the november 30 inventory : Calculate the November 30 inventory and the November cost of goods sold, using the moving average cost formula.

Mohammed can get a certificate of deposit : Mohammed can get a certificate of deposit (CD) at his bank that will pay 3.7% annually for 10 years. If he places $5530in this CD, how much will it be worth whe

The advantages and disadvantages of the two proposals : the advantages and disadvantages of the two proposals that are currently under consideration

User Account

All Pages