Tyrell company issued callable bonds with a par value of $18,000. the call option requires tyrell to pay a call premium of $500 plus par (or a total of $18,500) to bondholders to retire the bonds. on july 1, tyrell exercises the call option. the call option is exercised after the semiannual interest is paid the day before on june 30. record the entry to retire the bonds under each separate situation.

1. the bonds have a carrying value of $37,500.

2. the bonds have a carrying value of $49.000.

Ajewelry direct sales company pays its consultants based on recruiting new members. question 1 options: the company is running a pyramid scheme, which is illegal. the company is running a pyramid scheme, which is legal. the company has implemented a legal and ethical plan for growth. the company uses this method of compensation to reduce the fee for the product sample kit.

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500