Date General Journal Debit Credit January 01, 2018 No journal entry required December 31, 201 Compensation expense 7.20 Paid-in capital SAR plan 7.20 December 31, 201 Paid-in capital SAR plan 36.00 Common stock 1.92 Paid-in capital-excess of par 34.08 4 December 31, 202 December 31, 202 6 December 31, 202 June 06, 2023
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Date General Journal Debit Credit January 01, 2018 No journal entry required December 31, 201 Com...
As part of its stock-based compensation package, on January 1, 2018. Weldon Well Supplies granted restricted...
As part of its stock-based compensation package, on January 1, 2018. Weldon Well Supplies granted restricted stock units (RSUS) representing 100,000 $1 par common shares. At exercise, holders of the RSUS are entitled to receive cash or stock equal in value to the market price of those shares at exercise. The RSUS cannot be exercised until the end of 2021 (vesting date) and expire at the end of 2023. The $1 par common shares have a market price of $6.6...
Required 3: Journal Entry (1) - Record the first interest payment on June 30, 2018. Journal...
Required 3:
Journal Entry (1) - Record the first interest payment on June
30, 2018.
Journal Entry (2) - Record the second interest payment on
December 31, 2018.
Ellis issues 7.0%, five-year bonds dated January 1, 2018, with a $450,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $469,193. The annual market rate is 6% on the issue date. Required: 1. Complete the below table to calculate the total...
Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $920 million on January 1, 2018. The bo...
Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $920 million on January 1, 2018. The bonds sold for $846187,826 and mature on December 31, 2037 (20 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and December 31. Federal determines interest at the effective rate. Federal elected the option to report these bonds at their fair value. On December 31, 2018, the fair value...
Hi! I just need help with the two journal entries that I got wrong. Why wouldn't...
Hi! I just need help with the two journal entries that I got
wrong. Why wouldn't common stock be 8million x $1 par to get 8 ?
Explanations would be great. Thanks in advance!
Exercise 19-8 Stock options exercise; expirations [LO19-2 Walters Audio Visual Inc. offers an incentive stock option plan to its regional managers. On January 1, 2018, options were granted for 8 million $1 par common shares. The exercise price is the market price on the grant date-$6...
Required information [The following information applies to the questions displayed below.] On January 1, 2021, White...
Required information [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $530,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 5% and the bonds issued at $596,522 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $590,217 on December 31, 2023. (Round your interest expense to the...
Silicon Chip Company's fiscal year-end is December 31. At the end of 2018, it owed employees...
Silicon Chip Company's fiscal year-end is December 31. At the end of 2018, it owed employees $24,000 in salaries and wages that will be paid on January 7, 2019. Required: 1. Prepare an adjusting entry to record accrued salaries and wages, a reversing entry on January 1, 2019, and an entry to record the payment of salaries and wages on January 7, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account...
On January 1, 2018, Bishop Company issued 10% bonds dated January 1, 2018, with a face...
On January 1, 2018, Bishop Company issued 10% bonds dated January 1, 2018, with a face amount of $19.3 million. The bonds mature in 2027 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your intermediate calculations to the...
On January 1, 2018, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues...
On January 1, 2018, Twister Enterprises, a manufacturer of a
variety of transportable spin rides, issues $500,000 of 7% bonds,
due in 20 years, with interest payable semiannually on June 30 and
December 31 each year.
Required: 1. If the market interest rate is 7%, the bonds will issue at $500,000. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for...
The following infarmation applies to the questions displayed below On January 1, 2018, Twister Enterprises, a...
The following infarmation applies to the questions displayed below On January 1, 2018, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $460,000 of 6 % bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year 1, value Required information 10.00 points Required: 1. If the market interest rate is 6 % , the bonds wil issue at $460,000. Record the bond issue on January 1, 2018, and the first...
EcoMotors's disclosure notes for the year ending December 31, 2017, included the following regarding its $0.001...
EcoMotors's disclosure notes for the year ending December 31, 2017, included the following regarding its $0.001 par common stock: Employee Stock Purchase Plan Our employees are eligible to purchase our common stock through payroll deductions of up to 10% of their eligible compensation subject to any plan limitations. The purchase price would be 90% of the lower of the fair market value on the first and last trading days of each six-month offering period. During the years ended December 31,...
As part of its stock-based compensation package, on January 1, 2018. Weldon Well Supplies granted restricted stock units (RSUS) representing 100,000 $1 par common shares. At exercise, holders of the RSUS are entitled to receive cash or stock equal in value to the market price of those shares at exercise. The RSUS cannot be exercised until the end of 2021 (vesting date) and expire at the end of 2023. The $1 par common shares have a market price of $6.6...
Required 3:
Journal Entry (1) - Record the first interest payment on June
30, 2018.
Journal Entry (2) - Record the second interest payment on
December 31, 2018.
Ellis issues 7.0%, five-year bonds dated January 1, 2018, with a $450,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $469,193. The annual market rate is 6% on the issue date. Required: 1. Complete the below table to calculate the total...
Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $920 million on January 1, 2018. The bonds sold for $846187,826 and mature on December 31, 2037 (20 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and December 31. Federal determines interest at the effective rate. Federal elected the option to report these bonds at their fair value. On December 31, 2018, the fair value...
Hi! I just need help with the two journal entries that I got
wrong. Why wouldn't common stock be 8million x $1 par to get 8 ?
Explanations would be great. Thanks in advance!
Exercise 19-8 Stock options exercise; expirations [LO19-2 Walters Audio Visual Inc. offers an incentive stock option plan to its regional managers. On January 1, 2018, options were granted for 8 million $1 par common shares. The exercise price is the market price on the grant date-$6...
Required information [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $530,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 5% and the bonds issued at $596,522 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $590,217 on December 31, 2023. (Round your interest expense to the...
On January 1, 2018, Twister Enterprises, a manufacturer of a
variety of transportable spin rides, issues $500,000 of 7% bonds,
due in 20 years, with interest payable semiannually on June 30 and
December 31 each year.
Required: 1. If the market interest rate is 7%, the bonds will issue at $500,000. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for...
The following infarmation applies to the questions displayed below On January 1, 2018, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $460,000 of 6 % bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year 1, value Required information 10.00 points Required: 1. If the market interest rate is 6 % , the bonds wil issue at $460,000. Record the bond issue on January 1, 2018, and the first...
EcoMotors's disclosure notes for the year ending December 31, 2017, included the following regarding its $0.001 par common stock: Employee Stock Purchase Plan Our employees are eligible to purchase our common stock through payroll deductions of up to 10% of their eligible compensation subject to any plan limitations. The purchase price would be 90% of the lower of the fair market value on the first and last trading days of each six-month offering period. During the years ended December 31,...
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