User Account

All Pages

Prepare entry to record the issuance of the bonds

Assignment Help Accounting Basics
Reference no: EM132839975

Question - Bonds with Detachable Warrants: On July 1, 2019, Salem Corporation issued $3 million of 12% bonds payable in 10 years. The bonds pay interest semiannually. The bonds include detachable warrants giving the bondholder the right to purchase for $30, one share of $1 par value common stock at any time during the next 10 years. Salem sold the bonds for $3 million. The value of the warrants at the time of issuance was $200,000.

Required - Prepare in general journal format the entry to record the issuance of the bonds.

Reference no: EM132839975

Questions Cloud

What were the biggest challenges that early america faced : What were the biggest challenges that early America faced? How were they overcome? Do you believe that the United States could have become a failed
Technical drivers for having access control policy : Discuss security and technical drivers for having an access control policy and the key tenets of that policy.
Explain the connection to time management : What is your connection to time management? What do you know about it? How do you feel about it? Are you happy with how you spend your time?
Effective communication of change management plan : Discuss the Information Systems Security change management assess strategy statements to ensure effective communication of a change management plan.
Prepare entry to record the issuance of the bonds : Salem Corporation issued $3 million of 12% bonds payable in 10 years. Prepare in general journal format the entry to record the issuance of the bonds
Discuss the importance of routine and schedule : Discuss the importance of routine and schedule in two learning environments (Montessori, Head Start, Reggio Emilia, Waldorf). Why are teacher-student relations.
Engage the audience with different visual elements : 1. Youtube has many instructional videos related to this topic (making videos using a phone, selecting the best light, how to make yourself feel more comfortabl
MBA7006 Finance of International Business Assignment : MBA7006 Finance of International Business Assignment Help and Solution, Cardiff Metropolitan University - Assessment Writing Service
How you could implement the device in your classroom : There are a variety of assistive technologies (AT) available for early childhood teachers to incorporate into instruction for students with learning.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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