On May 1, 2021, Coronado Industries issued $2950000 of 7% bonds at 104, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Coronado’s common stock, $15 par value, were attached to each $1000 bond. The bonds without the warrants would sell at 95. On May 1, 2021, the fair value of Coronado’s common stock was $36 per share and of the warrants was $2. On May 1, 2021, Coronado should credit Paid-in Capital from Stock Warrants for

Q: On December 1, 2020, the ABC corporation issued 500 bonds with a par value of $ 1,000 at 9%, at 103.…

A: Bonds: Bonds are debts instruments issued by corporates. Bonds are issued at par, premium and…

Q: On January 1, 2019, Maeve Company issued P6,000,000 of 12% bonds payable maturing in five years. The…

A: Market price of Bonds Payable P56,00,000 Market price of share warrants  P8,00,000 Total market…

Q: On April 1, 2019, Sarkar Sailboats sold 15,000 of its 11%, 15-year, R$1,000 face value bonds to…

A: “Since you have asked multiple sub-parts, we will solve the first three sub-parts for you. If you…

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 May 1, 2022, Marly Co. issued €500,000 of 7% bonds at 103, which are due on April 30, 2032.…

A: Bonds payable is a form of liabilty for the business, on which regular interest payments needs to be…

Q: On July 1, 2022, RED TV Company purchased 1,000 of the P1000 face value, 8% bonds for P910,000 plus…

A: It has been given that the bond is held for trading activities. Hence at year-end, the investment is…

Q: On December 31, 2020, Fame Company sold a 12% serial bond issue with face amount of P7,000,000 for…

A: Bond Payable The main sources of generation liquidity into the business entity to raise the issue of…

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: On August 1, 2021, National Corporation issued $200,000 of 8% bonds at 99. The bonds mature in 10…

A: 1.

Q: On January 1, 2020, Sage Company purchased  11% bonds, having a maturity value of $ 301,000 for $…

A: Bond purchased: In order to obtain money from investors who are prepared to lend them money for a…

Q: On June 1, 2021, VIXEN Company received ₱1,077,200 plus accrued interest for 12% bonds with a face…

A: SOLUTION- BOND  IS A FIXED OBLIGATION TO PAY  THAT IS ISSUED BY A CORPORATION OR GOVERNMENT ENTITY…

Q: On June 1, 2021, NEX Company received ₱1,077,200 plus accrued interest for 12% bonds with face…

A: "Since you have asked multiple question we will solve the first three sub part question for you.  If…

Q: On April 1, 2020, CASHEW Company sold 12,000 of its ₱1,000 11%, 5-year face value bonds at 96. The…

A: Total discount on bonds issue = Face value of bonds x (100- issue price)/100 = ₱12,000,000 x (100 -…

Q: On January 1, 2020, Teal Company sold 11% bonds having a maturity value of $500.000 for $ 518.953,…

A: Annual interest payment = Face value of bonds x rate of interest x no. of months/12 = $500,000 x 11%…

Q: On June 1, 2021, VIXEN Company received ₱1,077,200 plus accrued interest for 12% bonds with face…

A: Bonds Payable It is the amount owed to bond holders by the issuer and is a liability account

Q: On April 1, 2017, Seminole Company sold 15,000 of its 11%, 15-year, $1,000 face value bonds at 97.…

A: “Hey, since there are multiple questions posted, we will answer first three questions If you want…

Q: On April 1, 2020, Seminole Company sold 15,000 of its 11%, 15-year, $1,000 face value bonds at 97.…

A: Since we only answer up to 3 sub-parts, we’ll answer the first three. Please resubmit the question…

Q: On April 1, 2020, Waterway Company sold  17,100 of its  12%,  15-year, $1,000 face value bonds at…

A: Working Notes: 1. Calculate the discount on bonds payable as shown below:Discount on bonds payable =…

Q: On June 1, 2021, VIXEN Company received P1,077,200 plus accrued interest for 12% bonds with face…

A: "Since you have asked multiple question we will solve the first three sub part question for you.  If…

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

A:

Q: On January 1, 2020, Trisha Company received P1,077,200 for 12% bonds with face amount of P1,000,000.…

A: Bond is borrowing security issued by the company to raise funds from the market by making an…

Q: On December 31, 2019, Claudine Company issued 5,000 of 8% 10-year P1,000 face value bonds with…

A: Bonds-:A Bond is a method/instrument of indebtedness of the issuer of the bond to the owner. The…

Q: On May 31, 2020, BLUE Company issued 6% bonds with face amount of ₱4,000,000 for net proceeds of…

A: Period Interest Payment Interest Expense Discount Amortization Bond Amortized Cost May 31, 2020…

Q: On May 1, 2020, Manny Company issued P2 million, 20-year, 10% bonds for P2,120,000. Each P1,000 bond…

A: 1. Premium on bonds payable arises when the stated rate on bond is higher than its market value 2.…

Q: On January 1, 2019, Post Malone Company issued P6,000,000 of 12% bonds payable maturing in five…

A: Share warrant refers to the document which is issued through the company under the common seal and…

Q: On December 31, 2020, Green Inc. issued of its 8%, 10-year, P1,000 face value bonds with detachable…

A: P 120,000 Explanation:

Q: On January 1, 2020, Sage Company purchased  11% bonds, having a maturity value of $ 301,000 for $…

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

Q: On March 1, 2020, WHITE Corporation purchased bonds with face amount of P5,000,000. The entity paid…

A: When the objective of the entity is not to hold the financial asset till the maturity and the…

Q: On December 31, 2022, Two Company issued 5,000 of its 12%, 10-year P1,000 face value bonds with…

A: Here discuss about the details of issuance of Bod with detachable warrant and its calculation which…

Q: On April 1, 2020, CASHEW Company sold 12,000 of its ₱1,000 11%, 5-year face value bonds at 96. The…

A: Bond Payable Bond Payable is the instrument which are issued by the federal authority which is used…

Q: On January 1, 2019, $2,000,000 of five-year, 6% convertible bonds were sold by Company Z for…

A: These are the accounting transactions that are having a monetary impact on the financial statement…

Q: On June 1, 2021, VIXEN Company received P1,077,200 plus accrued interest for 12% bonds with face…

A: Once a bond is issued at a premium, the amount will be amortized over the years through to its…

Q: Hungry Hippo, Inc. called its convertible debt in 2020. The 10% $1,000,000 par value bonds were…

A:

Q: On June 1, 2021, VIXEN Company received ₱1,077,200 plus accrued interest for 12% bonds with face…

A: A bond is a financial instrument that allows an issuer to raise funds by putting the issuer in the…

Q: On January 2, 2019, Lindsay Corporation issued $800,000 of 8% convertible bonds at par. The bonds…

A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from…

Q: On May 1, 2020, Judice Company issued 400 $1,000 bonds at 104. Each bond was issued with two…

A: Bonds Payable: Bonds payable are referred to long-term debts of the business, issued to various…

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 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 January 1, 2019, XYC Company issued P6,000,000 of its 8%, 6 year bonds at P110. Interest is…

A: You have posted multiple-part questions & as per our policy, only the first three parts are…

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 January 1, 2019, Ventionary issued bonds with an estimated value of 10 years, $ 3,000,000 (face…

A: Compute diluted earnings per share for 2019:  Formula: net income after tax saving / total…

Q: Stave Company invests $10,000,000 in 5% fixed rate corporate bonds on January 1, 2020. All the bonds…

A: Journal entry is a record of financial transaction in the books of accounts of an organization. It…

Q: On January 1, 2020, Trisha Company received P1,077,200 for 12% bonds with face amount of P1,000,000.…

A: AMOUNT RECEIVED 1077200. FACE VALUE 1000000 RATE OF INTEREST 12%

Q: On July 1, 2021, an interest payment date, $143000 of Crane Company bonds were converted into 2900…

A: The company can raise the required capital by issuing the shares, debentures, bonds, etc., These are…

Q: On June 1, 2021, VIXEN Company received ₱1,077,200 plus accrued interest for 12% bonds with face…

A: Interest on bond will be provided at face value at the rate for which bond is issued .  Accrued…

Q: On June 30, 2019, King Company had outstanding 9%, P5,000,000 face value bonds maturing on June 30,…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: On January 1, 2021, Fowl Products issued $89 million of 6%, 10-year convertible bonds at a net price…

A: Req. Account Titles Debit Credit 1. Cash $91,500,000     Convertible bonds payable   $89,000,000…

Q: On July 1, 2022, Mocha Corporation issued P5M of its 10%, 7-year bonds with one detachable share…

A: The question has asked about the issue price of the share warrants outstanding. Definition of some…

Q: On April 1, 2020, CASHEW Company sold 12,000 of its ₱1,000 11%, 5-year face value bonds at 96. The…

A: Total discount on bonds issue = Face value of bonds - (Face value of bonds x issue price/100)  =…