At the beginning of 2020 BSW issued at 96.4 a $10,000,000 , 10-year note, payable to...
At the beginning of 2020 BSW issued at 96.4 a $10,000,000 , 10-year note, payable to REAP at a stated rate of 6.2%. The debt had an annual coupon due 12/31 and BSW made the first two payments. During this time, demand for the company's product failed to materialize and on Jan 4, 2022 the entities agreed to restructure the note by changing the coupon rate to 4% and the maturity value to $6.8 m.
Book the required journal entries for BSW and REAP
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At the beginning of 2020 BSW issued at 96.4 a $10,000,000 ,
10-year note, payable to...
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Question 6 (-12) Lang Corporation issued $600,000 of 8%, 10-year bonds on January 1, 2020, for...
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Sunland Inc. has issued three types of debt on January 1, 2020, the start of the...
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(a)
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(b)
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Bridgeport Inc. has issued three types of debt on January 1, 2020, the start of the...
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(a)
$10 million, 12-year, 14% unsecured bonds, interest payable
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(b)
$29 million par of 12-year, zero-coupon bonds at a price to
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