What is journal entry for issuing this bond

Assignment Help Financial Accounting
Reference no: EM13134866

A 500,000$ bond is issued at 103. It has detachable warrant that allows purchaser to buy 20 shares of stock. Price of bond right after issue is 96 and detachable warrant is 2$. What is journal entry for issuing this bond?

Reference no: EM13134866

Questions Cloud

What minimum price would be acceptable : what minimum price would be acceptable? What qualitative factors should Big Al’s considered before agreeing to accept the special order?
Determine the contribution margin in dollars : In the month of June, Paula's Beauty Salon gave 3,800 haircuts, shampoos, and permanents at an average price of $32. During the month, fixed costs were $17,664 and variable costs were 77% of sales.
Calculate the maximum mass of water that could be produced : Gaseous ethane will react with gaseous oxygen to produce gaseous carbon dioxide and gaseous water . Suppose 10.82 g of ethane is mixed with 62.90 g of oxygen.
Cash payback period for each proposal : Proposals L and K each cost $500,000, have 6-year lives, and have expected total cash flows of $720,000. Proposal L is expected to provide equal annual net cash flows of $120,000, while the net cash flows for Proposal K are as follows:
What is journal entry for issuing this bond : It has detachable warrant that allows purchaser to buy 20 shares of stock. Price of bond right after issue is 96 and detachable warrant is 2$. What is journal entry for issuing this bond?
What is its policy implication : Identify one of the tax credits. Then, argue whether or not it should be allowed as a credit. Also, answer each of the following questions regarding your selected tax credit.
Evaluate whether the population is fairly stated : Assume a total book value of $230,000 for the 100 accounts selected for testing. You uncover three overstatements totaling $1,500 in the sample. Evaluate whether the population is fairly stated.
Congruency of figures : Out of class activities that I could employ to make students aware of congruent objects could be: How does running and playing soccer make students aware of congruent objects?
Which important factor has chad excluded from his analysis : Chad has calculated the sales volume at which his lemonade stand’s costs equal revenue. Which important factor has Chad excluded from his analysis?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

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