Question
On January 1, 2015, the $1,600,000 par value bonds of Spitz Company with a carrying value of $1,600,000 are converted to 800,000 shares of $1.00
On January 1, 2015, the $1,600,000 par value bonds of Spitz Company with a carrying value of $1,600,000 are converted to 800,000 shares of $1.00 par value common stock. Record the entry for the conversion of the bonds.
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Accounting Principles A Business Perspective Financial Accounting Chapters 9 To 18
Authors: Bill Buxton, Amy Sibiga
1st Edition
1461160863, 978-1461160861
