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Asking about this question is below. please give me detail solutions. thanks so much. VJL Company reported the following amounts on its balance sheet at
Asking about this question is below. please give me detail solutions. thanks so much.
VJL Company reported the following amounts on its balance sheet at July 31, 2021 the icon to view the balance sheet data.) Required a. Prepare the journal entry to record the bond interest payment on July 31, 2022. b. Calculate the total number of common shares outstanding after the bonds' conversion on July 31 , 2022. c. Prepare the journal entry to record the bond conversion. Requirement a. Prepare the journal entry to record the bond interest payment on July 31 , 2022. (Round to the nearest dollar. Record debits first, then credits- w by Explanations are not required) Date Jul. 31 2022 Accounts Debit Credit Requirement b. Calculate the total number of common shares outstanding after the bonds' conversion on July 31 , 2022- Common shares outstanding before conversion Common shares issued upon conversion Common shares outstanding after conversion Requirement c. Prepare the journal entry to record the bond conversion. (Record debits first, then credits- Explanations are not required.) Choose from any list or enter any number in the input fields and then continue to the next question.
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