On September 1, 2017, Coronado Company sold at 104 (plus accrued interest) 3,120 of its 9%,...
On September 1, 2017, Coronado Company sold at 104 (plus accrued
interest) 3,120 of its 9%, 10-year, $1,000 face value,
nonconvertible bonds with detachable stock warrants. Each bond
carried two detachable warrants. Each warrant was for one share of
common stock at a specified option price of $14 per share. Shortly
after issuance, the warrants were quoted on the market for $3 each.
No fair value can be determined for the Coronado Company bonds.
Interest is payable on December 1 and June 1. Bond issue costs of
$23,900 were incurred.
Prepare in general journal format the entry to record the issuance
of the bonds. (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 the amounts.)
|
Account Titles and Explanation |
Debit |
Credit |
Homework Answers
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On September 1, 2017, Coronado Company sold at 104 (plus accrued
interest) 3,120 of its 9%,...
On September 1, 2020, Blue Company sold at 104 (plus accrued interest) 5,520 of its 8%,...
On September 1, 2020, Blue Company sold at 104 (plus accrued interest) 5,520 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $16 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Blue Company bonds. Interest is payable on December 1...
On September 1, 2020, Waterway Company sold at 104 (plus accrued interest) 5,160 of its 9%,...
On September 1, 2020, Waterway Company sold at 104 (plus accrued interest) 5,160 of its 9%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $17 per share. Shortly after issuance, the warrants were quoted on the market for $2 each. No fair value can be determined for the Waterway Company bonds. Interest is payable on December 1...
On September 1, 2017, Concord Company sold at 104 (plus accrued interest) 5,640 of its 10%,...
On September 1, 2017, Concord Company sold at 104 (plus accrued interest) 5,640 of its 10%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $15 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Concord Company bonds. Interest is payable on December 1...
Exercise 16-08 On September 1, 2020, Bonita Company sold at 104 (plus accrued interest) 3,960 of...
Exercise 16-08 On September 1, 2020, Bonita Company sold at 104 (plus accrued interest) 3,960 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $12 per share. Shortly after issuance, the warrants were quoted on the market for $4 each. No fair value can be determined for the Bonita Company bonds. Interest is payable on...
Exercise 16-08 On September 1, 2020, Novak Company sold at 104 (plus accrued interest) 5,880 of...
Exercise 16-08
On September 1, 2020, Novak Company sold at 104 (plus accrued
interest) 5,880 of its 8%, 10-year, $1,000 face value,
nonconvertible bonds with detachable stock warrants. Each bond
carried two detachable warrants. Each warrant was for one share of
common stock at a specified option price of $13 per share. Shortly
after issuance, the warrants were quoted on the market for $3 each.
No fair value can be determined for the Novak Company bonds.
Interest is payable on...
please provide work Exercise 16-08 On September 1, 2020, Sheridan Company sold at 104 (plus accrued...
please provide work
Exercise 16-08 On September 1, 2020, Sheridan Company sold at 104 (plus accrued interest) 3.720 of its 8%, 10 year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $17 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Sheridan Company bonds....
Please show all work. Thanks in advance! On September 1, 2020, Metlock Company sold at 104...
Please show all work. Thanks in
advance!
On September 1, 2020, Metlock Company sold at 104 (plus accrued interest) 4,080 of its 10%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $14 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Metlock Company...
Please show all work. Thanks in advance! On September 1, 2020, Metlock Company sold at 104...
Please show all work. Thanks in
advance!
On September 1, 2020, Metlock Company sold at 104 (plus accrued interest) 4,080 of its 10%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $14 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Metlock Company...
Issuance of Bonds with Detachable Warrants) On September 1, 2014, Universal Coat Company sold at 104...
Issuance of Bonds with Detachable Warrants) On September 1, 2014, Universal Coat Company sold at 104 (plus accrued interest) 3,000 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $15 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No market value can be determined for the Universal Coat...
E16-8 (L02) (Issuance of Bonds with Detachable Warrants) On September 1, 2017, Sands Company sold at...
E16-8 (L02) (Issuance of Bonds with Detachable Warrants) On September 1, 2017, Sands Company sold at 104 (plus accrued interest) 4,000 of its 9%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $15 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Sands...
On September 1, 2020, Blue Company sold at 104 (plus accrued interest) 5,520 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $16 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Blue Company bonds. Interest is payable on December 1...
Exercise 16-08 On September 1, 2020, Bonita Company sold at 104 (plus accrued interest) 3,960 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $12 per share. Shortly after issuance, the warrants were quoted on the market for $4 each. No fair value can be determined for the Bonita Company bonds. Interest is payable on...
Exercise 16-08
On September 1, 2020, Novak Company sold at 104 (plus accrued
interest) 5,880 of its 8%, 10-year, $1,000 face value,
nonconvertible bonds with detachable stock warrants. Each bond
carried two detachable warrants. Each warrant was for one share of
common stock at a specified option price of $13 per share. Shortly
after issuance, the warrants were quoted on the market for $3 each.
No fair value can be determined for the Novak Company bonds.
Interest is payable on...
please provide work
Exercise 16-08 On September 1, 2020, Sheridan Company sold at 104 (plus accrued interest) 3.720 of its 8%, 10 year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $17 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Sheridan Company bonds....
Please show all work. Thanks in
advance!
On September 1, 2020, Metlock Company sold at 104 (plus accrued interest) 4,080 of its 10%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $14 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Metlock Company...
Please show all work. Thanks in
advance!
On September 1, 2020, Metlock Company sold at 104 (plus accrued interest) 4,080 of its 10%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $14 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Metlock Company...
E16-8 (L02) (Issuance of Bonds with Detachable Warrants) On September 1, 2017, Sands Company sold at 104 (plus accrued interest) 4,000 of its 9%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $15 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Sands...
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