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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 16MC: Keys Inc. issued 100 bonds with a face value of $1,000 and a rate of 8% at $1,025 each. The journal...

See similar textbooks

Similar questions

can anyone help solve?
B4.
provide answer with full explanation ( only type )
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
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
naru
Please help me. Thankyou.
Waterway 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. Account Titles and Explanation Debit Credit
Your answer is partially correct. Eisler Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 98, and the warrants had a market price of $40. Use the proportional method to record the issuance of the bonds and warrants. (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. Round your answers to O decimal places, e.g. 5,125.) Account Titles and Explanation Cash Discount on Bonds Payable Bonds Payable Paid-in Capital-Stock Warrants Debit 2020000 Credit 2000000 78780
Current Attempt in Progress Your answer is partially correct. Tamarisk Corporation issued 2,100 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 97, and the warrants had a market price of $50. Use the proportional method to record the issuance of the bonds and warrants. (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. Do not round intermediate calculations. Round your answers to O decimal places, e.g. 5,125.) Account Titles and Explanation Cash Discount on Bonds Payable Bonds Payable Paid-in Capital-Stock Warrants Debit 2163000 Credit 2100000