HW 3 Chapter 16 Question 3 of 20 - /20 E View Policies Current Attempt in Progress On January 1, 2020, Wildhorse Corporation issued $4.180,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1.000 debenture can be converted into 8 shares of Wildhorse Corporation $101 par value common stock after December 31, 2021. On January 1, 2022, 5418,000 of debentures are converted into common stock, which is then selling at $111. An additional $418,000 of debentures are converted on March 31, 2022. The market price of the common stock is then $116. Accrued interest at March 31 will be paid on the next interest date. Bond premium is amortized on a straight-line basis. Make the necessary journal entries for: (a) December 31, 2021 (c) (b) January 1, 2022 (d) June 30, 2022 March 31, 2022 Record the conversions using the book value method. (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. Round answers to O decimal places, es 5,275) Account Titles and Explanation Debit Credit No. Date Dec (a) 31 16 3303 g 3 MacBook Air Question 3 of 20 Accounting Multistep -720 Account Titles and Explanation Debit Question 2 Accounting Dropdown Credit No. Date Dec (a) 31, 2021 Viewing Question Accounting Dropdown Question 4 Accounting Dropdown (b) Jan. 1. 2022 Questions Accounting Dropdown Question 6 Accounting Dropdown Question Accounting Dropdown Mar. (c) 31. 2022 Question 8 Accounting Question 9 Reunitin Dropdown (To record interest expense) Mar 31. Question 10 dow ... Account Question 3 of 20 -720 Questic Accountin Viewing (To record interest expense) Accounting Mar. 31. 2022 Question Accounting 1 Question Accounting Question Accounting (To record the conversion) (d) Jun. 30 2022 Question Accounting Question Accounting or Question 9 accounting one e Textbook and Media Question 10 AN List of Accounts - 3 - 2002 HW 3 Chapter 16 Question 3 of 20 - /20 E View Policies Current Attempt in Progress On January 1, 2020, Wildhorse Corporation issued $4.180,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1.000 debenture can be converted into 8 shares of Wildhorse Corporation $101 par value common stock after December 31, 2021. On January 1, 2022, 5418,000 of debentures are converted into common stock, which is then selling at $111. An additional $418,000 of debentures are converted on March 31, 2022. The market price of the common stock is then $116. Accrued interest at March 31 will be paid on the next interest date. Bond premium is amortized on a straight-line basis. Make the necessary journal entries for: (a) December 31, 2021 (c) (b) January 1, 2022 (d) June 30, 2022 March 31, 2022 Record the conversions using the book value method. (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. Round answers to O decimal places, es 5,275) Account Titles and Explanation Debit Credit No. Date Dec (a) 31 16 3303 g 3 MacBook Air Question 3 of 20 Accounting Multistep -720 Account Titles and Explanation Debit Question 2 Accounting Dropdown Credit No. Date Dec (a) 31, 2021 Viewing Question Accounting Dropdown Question 4 Accounting Dropdown (b) Jan. 1. 2022 Questions Accounting Dropdown Question 6 Accounting Dropdown Question Accounting Dropdown Mar. (c) 31. 2022 Question 8 Accounting Question 9 Reunitin Dropdown (To record interest expense) Mar 31. Question 10 dow ... Account Question 3 of 20 -720 Questic Accountin Viewing (To record interest expense) Accounting Mar. 31. 2022 Question Accounting 1 Question Accounting Question Accounting (To record the conversion) (d) Jun. 30 2022 Question Accounting Question Accounting or Question 9 accounting one e Textbook and Media Question 10 AN List of Accounts - 3 - 2002
