Question
carla vista corporation issued $6840000 of 9% 10 year convertible bonds on July 1 2024 at 96.1 plus accrued interest. The bonds were dated April
carla vista corporation issued $6840000 of 9% 10 year convertible bonds on July 1 2024 at 96.1 plus accrued interest. The bonds were dated April 01, 2024 with interest payable, April 1 and October 1. Bond Discount is amortized semiannually on a straight line basis. On April 1 2025 $1368000 dollars of these bonds were converted into 600 shares of $20 par value common stock, accrued interest was paid in cash, at the time of the conversion if interest payable was credited when the bonds were issued what. The amount should be debited to interest expense on the October 01, 2024. 147060 153900 160740 307800
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