On August 1, year 1, Perfect Communications issued S35 million of 12% nonconvertible bonds at 105....
On August 1, 2021, Limbaugh Communications issued $42 million of 10% nonconvertible bonds at 105. The bonds are due on July 31, 2041. Each $1,000 bond was issued with 20 detachable stock warrants, each of which entitled the bondholder to purchase, for $50, one share of Limbaugh Communications' no par common stock. Interstate Containers purchased 20% of the bond issue. On August 1, 2021, the market value of the common stock was $45 per share and the market value of...
On August 1, 2018, Limbaugh Communications issued $22 million of 11% nonconvertible bonds at 105. The bonds are due on July 31, 2038. Each $1,000 bond was issued with 40 detachable stock warrants, each of which entitled the bondholder to purchase, for $50, one share of Limbaugh Communications’ no par common stock. Interstate Containers purchased 20% of the bond issue. On August 1, 2018, the market value of the common stock was $48 per share and the market value of...
On August 1, 2021, Limbaugh Communications issued $40 million of 8% nonconvertible bonds at 102. The bonds are due on July 31, 2041. Each $1,000 bond was issued with 20 detachable stock warrants, each of which entitled the bondholder to purchase, for $60, one share of Limbaugh Communications’ no par common stock. Interstate Containers purchased 20% of the bond issue. On August 1, 2021, the market value of the common stock was $58 per share and the market value of...
On August 1, 2018, Limbaugh Communications issued $25 million of 10% nonconvertible bonds at 104. The bonds are due on July 31, 2038. Each $1,000 bond was issued with 30 detachable stock warrants, each of which entitled the bondholder to purchase, for $60, one share of Limbaugh Communications’ no par common stock. Interstate Containers purchased 20% of the bond issue. On August 1, 2018, the market value of the common stock was $58 per share and the market value of...
On August 1, 2021, Limbaugh Communications issued $25 million of 8% nonconvertible bonds at 102. The bonds are due on July 31, 2041. Each $1,000 bond was issued with 30 detachable stock warrants, each of which entitled the bondholder to purchase, for $50, one share of Limbaugh Communications’ no par common stock. Interstate Containers purchased 20% of the bond issue. On August 1, 2021, the market value of the common stock was $46 per share and the market value of...
On August 1, 2018, Limbaugh Communications issued $35 million of 10% nonconvertible bonds at 102. The bonds are due on July 31, 2038. Each $1000 bond was issued with 20 detachable stock warrants, each of which entitled the bondholder to purchase, for $60. one share of Limbaugh Communications no par common stock. Interstate Containers purchased 20% of the bond issue. On August 2018, the market value of the common stock was $58 per share and the market value of each...
On August 1, 2018, Limbaugh Communications issued $45 million of 9 % nonconvertible bonds at 102. The bonds are due on July 31, 2038. Each $1,000 bond was issued with 20 detachable stock warrants, each of which entitled the bondholder to purchase, for $40, one share of Limbaugh Communications' no par common stock. Interstate Containers purchased 20 % of the bond issue. On August 1, 2018, the market value of the common stock was $39 per share and the market...
Issued $3 million of 10% nonconvertible bonds at 104. The bonds are due on July 31, 2041. Each $1,000 bond was issued with 20 detachable stock warrants, each of which entitled the bondholder to purchase, for $60, one share of no par common stock. The market value of the common stock was $58 per share and the market value of the stock warrant was $8. What are the journal entries?
Hoffman Corporation issued $95 million of 5%, 10-year bonds at 102. Each of the 95,000 bonds was issued with 12 detachable stock warrants, each of which entitled the bondholder to purchase, for $28, one share of $1 par common stock. At the time of sale, the market value of the common stock was $33 per share and the market value of each warrant was $5. Prepare the journal entry to record the issuance of the bonds.
On April 1, Year 1, Ward Corp. issued $750,000 of 10% nonconvertible bonds at 102 that are due on March 31, Year 11. Each $1,000 bond was issued with 40 detachable stock warrants, each of which entitled the bondholder to purchase one share of Ward $10 par common stock for $25. On April 1, Year 1, the market value of Ward's common stock was $20 per share, and the market value of each warrant was $4. What amount of the...