lue of each stock purchase

Q: Sarasota Inc. issued $4,170,000 of 10%, 10-year convertible bonds on June 1, 2020, at 97 plus…

A: Solution: When a bond is sold at a discount, the amount of the bond discount must be amortized to…

Q: On July 1, 2021, an interest payment date, $148000 of Bramble Corp. bonds were converted into 2930…

A: Explanation: Value = Value of Bonds - Conversion Value - Unamortized Discount Value = $148000 -…

Q: On January 1, 2019, when its $30 par value common stock was selling for $80 per share, Flounder…

A: Journal entries are an act of recording transactions consisting of a debit and a credit side.

Q: On January 1, 2021, Happiness-R-Us Inc. raised $5.1 million by issuing $4.6 million of 4%,…

A: Working Notes :-                                                                        Amount $…

Q: On January 1, 2022, Iced Latte Corporation issued 5,000 10-year bonds of 12% P1,000 face value, each…

A: The amount allocated to the warrants-equity component refers to the value of equity which is derived…

Q: 1. Prepare the journal entries on August 1, 2022, to record (A) the issuance of the bonds by United…

A: Bonds give the investors more rights than those of common stock holders. Bonds can be of 2 types…

Q: On September 1, 2020, Splish Company sold at 104 (plus accrued interest) 5,760 of its 9%, 10-year,…

A: Record general journal for issuance of bonds as shown below:

Q: On January 1, 2021, Madison Products issued $75 million of 8%, 10-year convertible bonds at a net…

A: A bond conversion is the process of changes bond into shares. The number of shares that a bond can…

Q: On January 1, 2021, Watermelon Company issued 3,000 of its 10%, 5-year P1,000 face value bonds with…

A: On 1st January 2021, Watermelon Company has issued 3000 10% 5 year bonds with detachable warrants.…

Q: Sunland Inc. issued $4,320,000 of 9%, 10-year convertible bonds on June 1, 2020, at 99 plus accrued…

A: Working Notes: Computation of discount on bonds payable: Particulars Amount (S) Semiannual…

Q: How much is the credit to share premium when the warrants were exercised?

A: As per our protocol we provide solution to the one question only but you have asked two questions…

Q: Sandhill Co. issued $4,100,000 of 12%, 5-year convertible bonds on December 1, 2020 for $4,122,360…

A: When the bonds are issued at premium, the amortisation premium needs to be adjusted against the…

Q: What is the carrying amount of the bonds as of December 31, 2022?

A: Compound financial Instrument: A Compound Financial Instrument is an instrument which exhibits the…

Q: Prepare all the necessary journal entries assuming the share warrants are fully exercised.

A: Issue price of bonds with warrants (5,000,000 x 103) =  515,000,000 Market value of bonds without…

Q: urnal entry for April 1, 2021 bond conversion?

A:

Q: During 2018, QQ Corporation issued at 95, 1,000 of its 8%, P5,000 bonds due in ten years. One…

A: Solution- Market price of bond= 50000* 1000 * .06 ( 60 * 10%)= 3000000 Market value of stock warrent…

Q: On January 1, 2018, Madison Products issued $40 million of 6%, 10-year convertible bonds at a net…

A:

Q: Aubrey Inc. issued $4,000,000 of 10%, 10-year convertible bonds on June 1, 2020, at 98 plus accrued…

A: Given information is: Aubrey Inc. issued $4,000,000 of 10%, 10-year convertible bonds on June 1,…

Q: 1. Determine the value to be assigned to the bonds and the warrants and prepare the journal entry to…

A:

Q: Sandhill Co. issued $4,100,000 of 12%, 5-year convertible bonds on December 1, 2020 for $4,122,360…

A: Convertible bonds are a type of bonds issued by the organization, where at the time of maturity of…

Q: On January 1, 2019, when its $30 par value common stock was selling for $80 per share, Nash Corp.…

A: The journal entries would be as follows:

Q: On January 1, 2020, Safety Company issued 10,000 P1,000 bonds with 10% stated interest payable every…

A: 3.How much is the net increase/decrease in the Shareholders' Equity during 2021? [Indicate whether…

Q: On May 1, 2021, Payne Co. issued $1,500,000 of 7% bonds at 103, which are due on April 30, 2031.…

A: Bonds represent the liabilities on which a fixed percentage of interest has to be paid over a period…

Q: On January 1, 2016, Case Company issued P5,000,000 of 12% nonconvertible bonds at 103 which are due…

A: The proceeds of issue is allocated based on their relative fair value of warrants and bonds Fair…

Q: On May 1, 2021, Coronado Industries issued $2950000 of 7% bonds at 104, which are due on April 30,…

A: Bonds are the highly secured securities which are redeemable after a certain span of time.

Q: What is the credit to share premium in 2019 from the issuance of the shares through the exercise of…

A:

Q: On January 1, 2021, Madison Products issued $70 million of 6%, 10-year convertible bonds at a net…

A: A bond is a borrowing security issued by a company ta raises funds from the market by making an…

Q: On December 31, 2021, HULK Corporation had outstanding ₱20,000,000 face value convertible bonds…

A: SOLUTION- WORKING NOTE- CALCULATION OF AMOUNT TO BE DEBITED FROM SHARE PREMIUM ACCOUNT- THE VALUE OF…

Q: On May 1, 2021, Duck Corporation issued $2,000,000 of 8% nonconvertible bonds at 104, which are due…

A: Isssue Price of Bonds ($2000000 * 104%) $20,80,000     Fair market value of bonds ($2000000 *…

Q: On January 1, 2022, A company issued 1,000 of its January 1, 2017, 8%, 10 year, P1,000 face value…

A:

Q: On January 1, 2019, when its $30 par value common stock was selling for $80 per share, Ivanhoe Corp.…

A: Convertible Debentures: A debenture holder is a creditor of the company.Any debenture is a long term…

Q: On July 1, 2020, Shake Corporation issued P5,000,000 of its 10%, 7-year bonds with one detachable…

A: Bond is a debt instrument issued by a company to get the cash from the public. It carry a interest…

Q: In 2015, The Platinum Company issued $700,000 8% bonds with 700 nondetachable warrants for $765,000…

A: When the issuer of the bonds gives the holders of the bonds a right to purchase a specified number…

Q: On September 1, 2020, Sands Company sold at 104 (plus accrued interest) 4,000 of its 9%, 10-year,…

A: Workings: Calculation of face value of bond: = 4000 x 1000 = 4000000   Calculation of selling price…

Q: On September 1, 2020, Wildhorse Company sold 9,960 of its 9%, 15-year, $1,000 face value,…

A: The question is based on the concept of Financial Accounting.

Q: On January 1, 2019, Scutaro Company issued 10-year, $200,000 face value, 6% bonds at par (payable…

A:

Q: On September 1, 2020, Crane Company sold at 104 (plus accrued interest) 3,000 of its 9%, 10-year,…

A: A bond refers to a fixed income instrument that speaks to a credit made by a speculator to a…

Q: On December 30, year 1, Fort, Inc. issued 1,000 of its 8%, ten-year, P1,000 face value bonds with…

A: The question is related to calculation of amount of bonds payableto be reported as on December 31st…

Q: On December 31, 2019, VENUS Company had 450,000 shares of ordinary shares outstanding. On September…

A: Basic EPS = net income/WACS WACS = weighted average common shares = common shares * time…

Q: Larkspur Inc. issued $3,780,000 of 10%, 10-year convertible bonds on June 1, 2020, at 99 plus…

A:

Q: On July 1, 2020, Berry Company issued 5,000 P1,000 bonds with share warrants at its fair value of…

A: bonds issued with share warrant here at the time of issue of the bonds by the company it will also…

Q: OI March 1, 2021, Remy Corporation issued $1,000,000 of 8% nonconvertible bonds at 104, which are…

A: Paid-in capital is the money a company has received from investors in return for issuing stock.…

Q: On May 1, 2021, Marly Co. issued $2,500,000 of 7% bonds at 103, which are due on April 30, 2031.…

A: 1. Collection from issue of Bonds Total Bonds Issued are $25,000 Bonds Face  Value = $100 per bonds…

Q: how much should be the diluted EPS to be presented by VENUS Company for the year ended December 31,…

A: The calculation of diluted EPS to be presented by VENUS Company for the year ended 31 December, 2020…

Q: On January 1, 2022, Iced Latte Corporation issued 5,000 10-year bonds of 12% P1,000 face value, each…

A:

Q: Volker Inc. issued $2,500,000 of convertible 10-year bonds on July 1, 2020. The bonds provide for…

A: a) Prepare the journal entries as on August 1, 2021.

Q: On December 1, 2021, Bramble Corp.issued 680 of its 8%, $1.000 bonds at 104. Attached to each bond…

A: Compound financial instruments are instruments with both debt and equity component. Therefore, the…