Assigoment> Open Assignment FULL SCREEN PRINTER VERS?ON 4BACK 1. 2. 3. Suppose Sepracor, Inc. called its convertible debt in 2017. Assume the following related to the transaction. Blossom Corp. issued $21,300,000 par value 9% convertible bonds at 97-if the bonds had not been convertible, the company's investment banker estimates they would have been sold at 95. Blue Company issued $21,300,000 par value 9% bonds at 96, One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling for $5. CAMEN RE SOURu s ASSIGNMENT RESOURCES Chapter 16 homework ?Exerose16 The 10%, $10,400,000 par value bonds were converted into 1,040,000 shares of $1 par value common stock on ed Exercise 16 a Exercise 16-9 Exercise 16-10 uly 1, 2017. On July 1, there was $52,000 of unamortized discount applicable to the bonds, and the company paid an additional $80,000 to the bondholders to induce conversion of all the bonds. The company records the conversion using the book value method. (Credit account titles are automatically indented when amouht is entered. Do not indent manually. If n entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 2000 No. Account Titles and Explanation Debit Credit Obiective 2.21 3. entvayy 2000-20 itey Al Rights Reserved. A Division of John le ASonsn