Homework Answers
| Journal entries | ||||
| Particulars | Debit | Credit | ||
| Cash (1900000*1.02) | 1938000 | |||
| discount on bond payable (1-0.98)*1900000 | 38000 | |||
| bond payable | 1900000 | |||
| paid in capital-stock warrant | 76000 | |||
| 2) | ||||
| Cash | 1938000 | |||
| discount on bond payable | 10209 | |||
| bond payable | 1900000 | |||
| paid in capital-stock warrant | 48209 | |||
| working | ||||
| market value of bond (1900000*.98) | 1862000 | |||
| market value of warrant (1900*25) | 47500 | |||
| Total market value | 1909500 | |||
| Allocation | ||||
| bond (1862000/1909500)*1938000 = 1889791 | ||||
| warrant (47500/1909500)*1938000 = 48209 | ||||
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Exercise 16-9 On May 1, 2017, Flounder Company issued 1,900 $1,000 bonds at 102. Each bond...
Exercise 16-9 On May 1, 2017, Marigold Company issued 2,300 $1,000 bonds at 102. Each bond...
Exercise 16-9 On May 1, 2017, Marigold Company issued 2,300 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 99, but the fair value of the warrants cannot be determined. (a) Prepare the entry 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...
On May 1, 2020, Pearl Company issued 2,000 $1,000 bonds at 102. Each bond was issued...
On May 1, 2020, Pearl Company issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 97, but the fair value of the warrants cannot be determined. (a) Prepare the entry to record the issuance of the bonds and warrants. (Credit account titles are automatically indented when amount is entered. Do not indent manually no entry is required, select "No Entry for the account titles and enter...
On May 1, 2017, Ivanhoe Company issued 2,600 $1,000 bonds at 102. Each bond was issued...
On May 1, 2017, Ivanhoe Company issued 2,600 $1,000 bonds at 102. Each bond was issued with one detachable wock warrant. Shortly after Issuance, the bonds were seling at 99, but the fair value of the warrants cannot be determined () Prepare the entry to record the issuance of the bonds and warrants (Credite count foare automatically indented when entered Do not Indent manually. If no entry required, elect"No Entry for the account titles and enter for the amount.) Account...
Brief Exercise 16-04 Sunland Corporation issued 1,900 $1,000 bonds at 101. Each bond was issued with...
Brief Exercise 16-04 Sunland Corporation issued 1,900 $1,000 bonds at 101. 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 $43. 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...
Flint Corporation issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock...
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 $39. 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...
Current Attempt in Progress Ayayai Corporation issued 2,100 $1,000 bonds at 103. Each bond was issued...
Current Attempt in Progress Ayayai Corporation issued 2,100 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. After issuance, bonds were selling in the market at 98, and the warrants had a market price of $41. Use the proportional method to record the issuance of the bonds and warrants. (Credit account titles are automatically indented with amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and...
Just need the missing answer... cant figure it out. On May 1, 2020, Crane Company issued...
Just need the missing answer... cant figure it out.
On May 1, 2020, Crane Company issued 1,900 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 97, but the fair value of the warrants cannot be determined. (a) Prepare the entry 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...
Brief Exercise 16-5 McIntyre Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with...
Brief Exercise 16-5
McIntyre Corporation issued 2,000 $1,000 bonds at 101. Each bond
was issued with one detachable stock warrant. After issuance, the
bonds were selling separately at 98. The market price of the
warrants without the bonds cannot be determined.
Use the incremental 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...
Brief Exercise 16-5 Swifty Corporation issued 1,350 $1,000 bonds at 101. Each bond was issued with...
Brief Exercise 16-5 Swifty Corporation issued 1,350 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling separately at 98. The market price of the warrants without the bonds cannot be determined. Use the incremental 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...
Brief Exercise 16-05 Ayayai Corporation issued 1,350 $1,000 bonds at 101. Each bond was issued with...
Brief Exercise 16-05 Ayayai Corporation issued 1,350 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling separately at 98. The market price of the warrants without the bonds cannot be determined. Use the incremental 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...
Exercise 16-9 On May 1, 2017, Marigold Company issued 2,300 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 99, but the fair value of the warrants cannot be determined. (a) Prepare the entry 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...
On May 1, 2020, Pearl Company issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 97, but the fair value of the warrants cannot be determined. (a) Prepare the entry to record the issuance of the bonds and warrants. (Credit account titles are automatically indented when amount is entered. Do not indent manually no entry is required, select "No Entry for the account titles and enter...
On May 1, 2017, Ivanhoe Company issued 2,600 $1,000 bonds at 102. Each bond was issued with one detachable wock warrant. Shortly after Issuance, the bonds were seling at 99, but the fair value of the warrants cannot be determined () Prepare the entry to record the issuance of the bonds and warrants (Credite count foare automatically indented when entered Do not Indent manually. If no entry required, elect"No Entry for the account titles and enter for the amount.) Account...
Brief Exercise 16-04 Sunland Corporation issued 1,900 $1,000 bonds at 101. 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 $43. 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...
Current Attempt in Progress Ayayai Corporation issued 2,100 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. After issuance, bonds were selling in the market at 98, and the warrants had a market price of $41. Use the proportional method to record the issuance of the bonds and warrants. (Credit account titles are automatically indented with amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and...
Just need the missing answer... cant figure it out.
On May 1, 2020, Crane Company issued 1,900 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 97, but the fair value of the warrants cannot be determined. (a) Prepare the entry 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...
Brief Exercise 16-5
McIntyre Corporation issued 2,000 $1,000 bonds at 101. Each bond
was issued with one detachable stock warrant. After issuance, the
bonds were selling separately at 98. The market price of the
warrants without the bonds cannot be determined.
Use the incremental 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...
Brief Exercise 16-5 Swifty Corporation issued 1,350 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling separately at 98. The market price of the warrants without the bonds cannot be determined. Use the incremental 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...
Brief Exercise 16-05 Ayayai Corporation issued 1,350 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling separately at 98. The market price of the warrants without the bonds cannot be determined. Use the incremental 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...
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