On september 21 2008 the lopez co issues 1000000 of bonds

Assignment Help Cost Accounting
Reference no: EM13355535

On September 21, 2008, The Lopez Co, issues $ 1,000,000 of bonds having a coupon rate of 6%. To help the sale, detachable stock warrants are issued at the rate of ten warrants for each $ 1,000 bond sold. The fair market value of the warrants is $63,000. The bonds with the warrants sold at 101 plus accrued interest. Interest is payable on November 1 st and May st. (Assume a 360 day year 30 day months)

Prepare the 09/21/08 entry for this transaction.

Reference no: EM13355535

Questions Cloud

Q1 k-henrys dull diner has a contribution margin ratio of : q1. k-henrys dull diner has a contribution margin ratio of 16. if fixed costs are 176800 how many dollars of revenue
Crede company sells a single product that has variable : crede company sells a single product that has variable costs of 10 per unit.nbsp fixed costs will be 700000 across all
Anderson manufacturing makes a single productnbsp budget : anderson manufacturing makes a single product.nbsp budget information regarding the current period is given
The following applies to the dunbar corp for : the following applies to the dunbar corp for 2008transactions in common
On september 21 2008 the lopez co issues 1000000 of bonds : on september 21 2008 the lopez co issues 1000000 of bonds having a coupon rate of 6. to help the sale detachable stock
The sas co granted on million employee stock options on : the sas co. granted on million employee stock options on june 30 2006. each option allowed the holder to buy one share
Faculty note students will turn in this assignment twice : faculty note students will turn in this assignment twice first as a draft week 8 assignment and then as a final paper
Prepare a statement of cash flows using the indirect method : prepare a statement of cash flows using the indirect method for the windsor corp for the year
Going back to windsor corp question 4 assume that ar : going back to windsor corp question 4 assume that ar changed from 530100 to 600000 inventory from 700000 to 774200ap

Reviews

Write a Review

Cost Accounting Questions & Answers

  Evaluate the overhead cost of an 8-labor-hour job

Evaluate the overhead cost of an 8-labor-hour job requested by Jasmine's Fine Jewelry? How does this compare to the overhead cost charged to such a job in the prior year?

  Ethical dilemma

Ethical Dilemma What's an expense?

  Question this information relates to the cash account in

question this information relates to the cash account in the ledger of hawkins company.balance september 1-16400 cash

  Depreciation for accounting and income tax purposes

Evaluated warranty costs are expensed for accounting purposes when incurred. depreciation for accounting and income tax purposes differs because of dissimilar bases of carrying the related property.

  What are the approaches to accounting for inventory

What are the two approaches to accounting for inventory that were covered in the course and which inventory method is the bookshop using and which method is the fruit and vegetable stall using?

  Questionverona pizza is a small neighborhood pizzeria that

questionverona pizza is a small neighborhood pizzeria that has a little area for in-store dining as well offering

  What is activity-based management

What is activity-based management? What is a non-value added activity and how much did non value-added activities cost ReadersNet.Com this past year?

  What are advantages and disadvantages of cost-plus pricing

annual fixed costs of $4,000,000 and variable costs of $400 per unit and estimates that it can sell 40,000 pumps annually and marks up cost by 30 percent. Using cost-plus pricing, what is the cost per unit and the price What are advantages and dis..

  What if we simply bartered for all

What if we simply bartered for all? Would our economy grow - with that said, is pursuit of ALL self interest in a contract unethical and if not, at what point does it become unethical?

  Compute top notch incs tax liability

Top Notch pays New Zealand taxes of $114,000. Assuming a us tax rate of 35% compute Top Notch Inc's tax liability after any allowable foreign tax credits.

  Evaluate the economic order quantity for glass

Determine total annual cost of ordering and carrying the glass. Evaluate the Economic Order Quantity for glass.

  What obligation do you have to help her

What obligation do you have to help her and how can you help her and should be two pages long APA format with IRS coodes and accounting rules with your decision.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd