Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1.On January 1, 2013, Madison Products issued $40 million of 6%, 10 year convertible bonds at a net price of $40.8 million. Madison recently issued similar, but nonconvertible, bonds at 99 (that is, 99% of face amount). The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 30 shares of Madison's no par common stock. Madison records interest by the straight line method.On June 1, 2015, Madison notified bondholders of its intent to call the bonds at face value plus a 1% call premium on July 1, 2015. By June 30 all bondholders had chosen to convert their bonds into shares as of the interest payment date. On June 30, Madison paid the semiannual interest and issued the requisite number of shares for the bonds being converted.Required:1. Prepare the journal entry for the issuance of the bonds by Madison.2. Prepare the journal entry for the June 30, 2013, interest payment.3. Prepare the journal entries for the June 30, 2015, interest payment by Madison and the conversion of the bonds (book value method).
on december 30 2009 parker company ships 250000 of merchandise by common carrier to jackson inc. the terms of the sale
What is Desmond's adjusted tax basis for his partnership interest immediately after the partnership is formed? What is the partnership's adjusted basis for the property contributed by Desmond?
Compute the weighted-average accumulated expenditures on Laserwords' new building during the capitalization period.
examine the following list of accountsinterest payableaccumulated depreciation equipmentalex kenzy drawingaccounts
prepare a three-page memo at least 300 words per page to john and jane smith addressing the issues presented1. john
brandon corporation had the following stockholders equity accounts on january 1 2012 common stock 5 par 510700 paid-in
season tickets for the longhorns are priced at 230 and include 20 games. revenue is recognized after each game is
When designing an information system, the designers are increasingly concerned with the risks associated with technology and information system. Write a memo to the Vice President explaining to him the general nature of risk.
Prepare Arturo's journal entry to record its acquisition of Westmont. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
The net accounts receivable balance includes. Prepare a balance sheet in good form stockholders' equity details can be omitted.
Janice is the sole owner of Catbird Company. In the current year, Catbird had
regional airways inc. a small two-plane passenger airline has asked for your assistance in some basic analysis of its
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd