Eternal Nightmare
January 23, 2022, 03:57:34 pm
Welcome, Guest. Please login or register.

Login with username, password and session length
News: Breaking News: We Are Growing Fast. Keep Up The Good Work Guys
 
  Home Help Search Arcade Staff List Login Register  

accounting homework

Pages: [1]
  Print  
Author Topic: accounting homework  (Read 19 times)
sam2112
Commander
*

OWned +0/-0
Offline Offline

Posts: 357


« on: February 20, 2011, 08:07:14 am »

Wally Mart bondholders convert $100,000 of the bonds into 4,000 shares of Wally Mart's common stock, which has a par value of $1 per share. Assume that the carrying amount of the Wally Mart's bonds is $90,000 ($10,000 discount).
The journal entry to record the conversion of bonds into stock would include?
a. Debit to Bonds Payable of $100,000


_________

Link Building|Link Building Services




Report Spam   Logged


Pages: [1]
  Print  
 
Jump to:  

Powered by EzPortal
Bookmark this site! | Upgrade This Forum
SMF For Free - Create your own Forum

Powered by SMF | SMF © 2016, Simple Machines
Privacy Policy