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What sheridan would record

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Reference no: EM133001988

Problem 1: On July 1, 2021, an interest payment date, $155000 of Sheridan Company bonds were converted into 3080 shares of Sheridan Company common stock each having a par value of $45 and a market value of $56. There is $6600 unamortized discount on the bonds. Using the book value method, Sheridan would record

Reference no: EM133001988

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