Business
Business, 17.03.2020 01:54, ondray3435

October 1st each year. The bonds were issued with a premium of $180,000. The premium is being amortized on a straight line basis. The bonds can be converted on any date after 4 years from their issue date, into 10 shares of Tapco’s $5 par value common stock for each $1,000 of bonds. On December 1, 2017: $1,200,000 of bonds were turned in for conversion. Accrued interest on the bonds being converted was also paid to the holders at the time of the conversion. The company’s stock was selling for $205.50 per share on the date of the conversion. On May1, 2018: $480,000 of bonds were turned in for conversion. Accrued interest on the bonds being converted was also paid to the holders at the time of the conversion. The company’s stock was selling for $285.125 per share on the date of the conversion. Note: Tapco Plastics Corporation has a year end of December 31st. Prepare all journal entries pertaining to these bonds for the "5" dates below: October 1, 2017 December 1, 2017 May 1, 2018 December 31, 2018 April 1, 2019

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 21:10, tonimgreen17p6vqjq
An investor purchases 500 shares of nevada industries common stock for $22.00 per share today. at t = 1 year, this investor receives a $0.42 per share dividend (which is not reinvested) on the 500 shares and purchases an additional 500 shares for $24.75 per share. at t = 2 years, he receives another $0.42 (not reinvested) per share dividend on 1,000 shares and purchases 600 more shares for $31.25 per share. at t = 3 years, he sells 1,000 of the shares for $35.50 per share and the remaining 600 shares at $36.00 per share, but receives no dividends. assuming no commissions or taxes, the money-weighted rate of return received on this investment is closest to:
Answers: 3
image
Business, 23.06.2019 20:30, bella2284
After teaching a group of nursing students about the different systems of measurement, the instructor determines that the teaching was successful when the group identifies which as units of the metric system? select all that apply.
Answers: 1
image
Business, 24.06.2019 00:30, weberalycia
You want to put carpet in the master bedroom, the master closet, the bedroom, the closet, and the living room. you checked with various stores and found that the best deal was given by a company who will charge you $3.49 per square foot (this includes carpet pad and labor). calculate the total cost for carpeting these rooms.
Answers: 1
image
Business, 24.06.2019 03:30, 20warriorsoul14
Based on the lesson, how are individuals and economies similar? they both must decide how to allocate resources. they both must carefully categorize available resources. they both must recognize the issues with nonrenewable resources. they both must choose whether to use more renewable resources.
Answers: 1
Do you know the correct answer?
October 1st each year. The bonds were issued with a premium of $180,000. The premium is being amorti...

Questions in other subjects: