answer in text form please (without image), Note: .Every entry should have narration please For each of the unrelated transactions described below, present the entries required to record each transaction.1.2.3.1.(List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Ifno entry is required, select "No Entry" for the account titles and enter o for the amounts.)NNash Corp. issued $21,300,000 par value 10% convertible bonds at 98. If the bonds had not been convertible, the company'sinvestment banker estimates they would have been sold at 95.No. Account Titles and ExplanationCash2.Crane Company issued $21,300,000 par value 10% bonds at 97. One detachable stock purchase warrant was issued witheach $100 par value bond. At the time of issuance, the warrants were selling for $5.3.Suppose Sepracor, Inc. called its convertible debt in 2025. Assume the following related to the transaction. The 11%,$10,200,000 par value bonds were converted into 1,020,000 shares of $1 par value common stock on July 1, 2025. On July 1,there was $59,000 of unamortized discount applicable to the bonds, and the company paid an additional $69,000 to thebondholders to induce conversion of all the bonds. The company records the conversion using the book value method.Discount on Bonds PayableBonds PayableCashDiscount on Bonds PayableBonds PayablePaid-in Capital in Excess of Par-Common StockBond Conversion ExpenseBonds PayableCommon StockPaid-in Capital in Excess of Par-Common StockDiscount on Bonds PayableCashDebit208740004260002066100010650006900010200000Credit2130000021300000426000102000089830005900069000

No of Stock Warrants (21300000/100) 2,13,000 Value of a one warrant $…

At the time of issuance, the warrants were selling for $5. ed its convertible debt in 2025. Assume the following related to the tran ds were converted into 1,020,000 shares of $1 par value common stock ortized discount applicable to the bonds, and the company paid an addi version of all the bonds. The company records the conversion using the

At the time of issuance, the warrants were selling for $5. ed its convertible debt in 2025. Assume the following related to the tran ds were converted into 1,020,000 shares of $1 par value common stock ortized discount applicable to the bonds, and the company paid an addi version of all the bonds. The company records the conversion using the

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Blue Inc. issued $4,220,000 par value, 7% convertible bonds at 96 for cash. If the bonds had not included the conversion feature, they would have sold for 95. Prepare the journal entry to record the issuance of the bonds. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit
Ee 206.
Pharoah Company issued $500,000 of bonds on January 1, 2020. (a) Your Answer Correct Answer (Used) Prepare the journal entry to record the redemption of the bonds at maturity, assuming the bonds were issued at 100. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Bonds Payable Cash Debit 500,000 Credit 500,000
Cullumber Corporation issues $430,000 of bonds for $447,200. (a) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit
Please answer the following accounting question completely
can anyone help solve?
B4.
Metlock Inc. issued $3,830,000 par value, 7% convertible bonds at 98 for cash. If the bonds had not included the conversion feature, they would have sold for 95. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit
Teal Inc. issued $3,000,000 par value, 7% convertible bonds at 97 for cash. If the bonds had not included the conversion feature, they would have sold for 95 . Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Creditc
A7
Please help me. Thankyou.
For each of the unrelated transactions described below, present the entry(ies) required. (a) Sarasota Company issued $10,000,000 par value 5% bonds at 98. One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling for $2. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit