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For each of the unrelated transactions described below, present the entries required to record each transaction. Nash Corp. issued $ 2 1 , 3 0
For each of the unrelated transactions described below, present the entries required to record each transaction. Nash Corp. issued $ par value convertible bonds at If the bonds had not been convertible, the company's investment banker estimates they would have been sold at Crane Company issued $ par value bonds at One detachable stock purchase warrant was issued with each $ par value bond. At the time of issuance, the warrants were selling for $ Suppose Sepracor, Inc. called its convertible debt in Assume the following related to the transaction. The $ par value bonds were converted into shares of $ par value common stock on July On July there was $ of unamortized discount applicable to the bonds, and the company paid an additional $ to the bondholders to induce conversion of all the bonds. The company records the conversion using the book value method. 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 for the amounts. No Account Titles and Explanation Cash Discount on Bonds Payable Bonds Payable Cash Discount on Bonds Payable Bonds Payable Paidin Capital in Excess of Par Common Stock Bond Conversion Expense Bonds Payable Common Stock Paidin Capital in Excess of Par Common Stock Debit Credit Discount on Bonds Payable
For each of the unrelated transactions described below, present the entries required to record each transaction.
Nash Corp. issued $ par value convertible bonds at If the bonds had not been convertible, the company's
investment banker estimates they would have been sold at
Crane Company issued $ par value bonds at One detachable stock purchase warrant was issued with
each $ par value bond. At the time of issuance, the warrants were selling for $
Suppose Sepracor, Inc. called its convertible debt in Assume the following related to the transaction. The
$ par value bonds were converted into shares of $ par value common stock on July On July
there was $ of unamortized discount applicable to the bonds, and the company paid an additional $ to the
bondholders to induce conversion of all the bonds. The company records the conversion using the book value method.
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 for the amounts.
No Account Titles and Explanation
Cash
Discount on Bonds Payable
Bonds Payable
Cash
Discount on Bonds Payable
Bonds Payable
Paidin Capital in Excess of Par Common Stock
Bond Conversion Expense
Bonds Payable
Common Stock
Paidin Capital in Excess of Par Common Stock
Debit
Credit
Discount on Bonds Payable
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