Part 1
Event |
General Journal |
Debit |
Credit |
Record the bond issue that was originally sold in 2005 |
|||
1 |
Cash (250*96%) |
240 |
|
Discount on bonds payable (balancing figure) |
10 |
||
Convertible bonds payable (245+5) |
250 |
||
Record the bond issue that was originally sold in 2009 |
|||
2 |
Cash (60*103%) |
61.8 |
|
Discount on bonds payable (balancing figure) |
4.2 |
||
Convertible bonds payable (59+1) |
60 |
||
Equity—Stock warrants |
6 |
Part 2
Event |
General Journal |
Debit |
Credit |
Record the conversion of 90% of the convertible bonds |
|||
1 |
Convertible bonds payable (250*90%) |
225 |
|
Discount on bonds payable (5*90%) |
4.5 |
||
Common Stock (balancing figure) |
220.5 |
||
Record the retirement of the remainder bonds |
|||
2 |
Convertible bonds payable (250*10%) |
25 |
|
Loss on early extinguishment (balancing figure) |
1.0 |
||
Discount on bonds payable (5*10%) |
0.5 |
||
Cash (250*10%*102%) |
25.5 |
Part 3
Event |
General Journal |
Debit |
Credit |
Record the conversion of 90% of the convertible bonds |
|||
1 |
Convertible bonds payable (250*90%) |
225 |
|
Conversion expense (90%*0.25*150) |
33.8 |
||
Discount on bonds payable (5*90%) |
4.5 |
||
Common Stock |
220.5 |
||
Cash (90%*0.25*150) |
33.8 |
Part 4
Event |
General Journal |
Debit |
Credit |
Record the conversion of 90% of the convertible bonds |
|||
1 |
Convertible bonds payable (250*90%) |
225 |
|
Conversion expense (90%*(0.25*(45-40))*42) |
47.3 |
||
Discount on bonds payable (5*90%) |
4.5 |
||
Common Stock (balancing figure) |
267.8 |
Part 5
Event |
General Journal |
Debit |
Credit |
Record the exercise of the warrants |
|||
1 |
Cash (40%*62500*40*35) |
35 |
|
Equity—Stock warrants (6*40%) |
2.4 |
||
Common Stock |
37.4 |
Bradley-Link's December 31, 2021, balance sheet included the following items: ($ in millions) $245 Long-Term Liabilities...
Bradley-Link's December 31, 2021, balance sheet included the following items: ($ in millions) Long-Term Liabilities 9.0% convertible bonds, callable at 104 beginning in 2022, due 2025 (net of unamortized discount of $5) [note $195 9.8% registered bonds callable at 107 beginning in 2031, due 2035 (net of unamortized discount of $1) [note 66 Shareholders' Equity Equity-stock warrants Note 8: Bonds (in part) The 9.0% bonds were issued in 2008 at 94.0 to yield 10%. Interest is paid semiannually on June...
Bradley-Link's December 31, 2021, balance sheet included the following items: ($ in millions) Long-Term Liabilities 9.0% convertible bonds, callable at 103 beginning in 2022, due 2025 (net of unamortized discount of $5) [note 8] 9.8% registered bonds callable at 106 beginning in $195 2031, due 2035 (net of unamortized discount of $2) [note 8 Shareholders' Equity 6 Equity-stock warrants LE Note 8: Bonds (in part) The 9.0% bonds were issued in 2008 at 96.0 to yield 10%. Interest is paid...
Bradley-Link’s December 31, 2021, balance sheet included the following items: Long-Term Liabilities ($ in millions) 7.0% convertible bonds, callable at 102 beginning in 2022, due 2025 (net of unamortized discount of $4) [note 8] $196 7.8% registered bonds callable at 105 beginning in 2031, due 2035 (net of unamortized discount of $2) [note 8] 65 Shareholders’ Equity 5 Equity—stock warrants Note 8: Bonds (in part) The 7.0% bonds were issued in 2008 at 97.0 to yield 10%. Interest is paid...
Bradley-Link’s December 31, 2021, balance sheet included the following items: Long-Term Liabilities ($ in millions) 8.0% convertible bonds, callable at 102 beginning in 2022, due 2025 (net of unamortized discount of $3) [note 8] $147 8.8% registered bonds callable at 105 beginning in 2031, due 2035 (net of unamortized discount of $1) [note 8] 64 Shareholders’ Equity 6 Equity—stock warrants Note 8: Bonds (in part) The 8.0% bonds were issued in 2008 at 94.0 to yield 10%. Interest is paid...
Bradley-Link's December 31, 2021, balance sheet included the following items: ($ in millions) $147 Long-Term Liabilities 9.0% convertible bonds, callable at 103 beginning in 2022, due 2025 (net of unamortized discount of $3) [note 8] 9.8% registered bonds callable at 106 beginning in 2031, due 2035 (net of unamortized discount of $1) [note 8] Shareholders' Equity Equity-stock warrants Note 8: Bonds (in part) The 9.0% bonds were issued in 2008 at 96.0 to yield 10%. Interest is paid semiannually on...
Bradley-Link's December 31, 2021, balance sheet included the following items: ($ in millions) $196 Long-Term Liabilities 11.08 convertible bonds, callable at 101 beginning in 2022, due 2025 (net of unamortized discount of $4) [note 8) 11.8% registered bonds callable at 104 beginning in 2031, due 2035 (net of unamortized discount of $1) [note 8] Shareholders' Equity Equity-stock warrants Note 8: Bonds (in part) The 11.0% bonds were issued in 2008 at 97.0 to yield 10%. Interest is paid semiannually on...
Bradley-Link’s December 31, 2018, balance sheet included the following items: Long-Term Liabilities ($ in millions) 9.0% convertible bonds, callable at 103 beginning in 2019, due 2022 (net of unamortized discount of $2) [note 8] $148 11.0% registered bonds callable at 106 beginning in 2028, due 2032 (net of unamortized discount of $1) [note 8] 69 Shareholders’ Equity 5 Equity—stock warrants Note 8: Bonds (in part) The 9.0% bonds were issued in 2005 at 98.0 to yield 10%. Interest is paid...
Bradley-Link's December 31, 2018, balance sheet included the following items: ($ in millions) $296 Long-Term Liabilities 10.01 convertible bonds, callable at 102 beginning in 2019, due 2022 (net of unamortized discount of $4) (note 8] 11.01 registered bonds callable at 104 beginning in 2028, due 2032 (net of unamortized discount of $2) (note 8] Shareholders' Equity Equity stock warrants Note 8: Bonds (in part) The 100% bonds were issued in 2005 at 98 0 to yield 10%. Interest is paid...
Bradley-Link’s December 31, 2018, balance sheet included the following items: Long-Term Liabilities ($ in millions) 10.0% convertible bonds, callable at 102 beginning in 2019, due 2022 (net of unamortized discount of $4) [note 8] $296 11.0% registered bonds callable at 104 beginning in 2028, due 2032 (net of unamortized discount of $2) [note 8] 50 Shareholders’ Equity 5 Equity—stock warrants Note 8: Bonds (in part) The 10.0% bonds were issued in 2005 at 98.0 to yield 10%. Interest is paid...
Bradley-Link’s December 31, 2018, balance sheet included the following items: Long-Term Liabilities ($ in millions) 10.0% convertible bonds, callable at 105 beginning in 2019, due 2022 (net of unamortized discount of $4) [note 8] $296 11.0% registered bonds callable at 108 beginning in 2028, due 2032 (net of unamortized discount of $2) [note 8] 67 Shareholders’ Equity 7 Equity—stock warrants Note 8: Bonds (in part) The 10.0% bonds were issued in 2005 at 98.0 to yield 10%. Interest is paid...