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

  Evaluate debit and credit card fees

How much of the total sales revenue is required to be paid with cash and how many customers transaction does the company imagine in January

  What is break-even point in units for the company

What is break-even point in units for the company? What is the dollar sales volume the firm must achieve in order to reach the break-even point?

  Evaluate ending inventory and cost of goods sold

Evaluate ending inventory and cost of goods sold under each method, and then compare results.

  How much external financing does ari require net year

Calculating Additional Finance Requirements - How much external financing does ARI require net year?

  Find out the price of the bonds

Find out the price of the bonds at January 1, 2011, and prepare the journal entry to record their issuance. Prepare the journal entry to record interest on June 30, 2011

  What is maturity value of interest payable yearly

Purchases land having a fair value of $3000000 by issuing a 5 year, zero interest bearing promissory note in the face amout of $505,518. Pirchases equiemr by issuing a 6% 8 year promissory note having a maturity value of $400,0oo interest payable ye..

  Analysis of various discounted cash flow methods

Analysis of various Discounted Cash Flow methods - Why do many operating managers still use payback and accounting return on investment despite their drawbacks?

  What are tax implications to wilma if she accepts the bank

the bank notifies Wilma that if she pays back $75,000 immediately, they will forgive her $100,000 loan. What are tax implications to Wilma if she accepts the bank’s offer?

  Accounting entries from the given information

Accounting entries from the given information - COLO COMPANY Sales Journal

  Which inventory price flow assumption could assign

In theory, when a periodic system is in use, which inventory price flow assumption could assign inventory cost to cost of goods sold even though the inventory has not yet been purchased by the merchandiser?

  Evaluate the amount and character of robbys deduction

Evaluate the amount and character of Robby's deduction(s) for this vacation home considering the cost allocation method that the IRS prefers is used.

  Computation of contribution per unit

Computation of contribution per unit for various models - What is the per unit contribution margin for each of the two models?

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