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PLEASE ANSWER ASAP!!!! FROM 1 TO 5.......ITS JORNAL ENTRIES.... 3. A company issued 2000, 12%, 15 year convertible debentures of Rs 100 each on April
PLEASE ANSWER ASAP!!!! FROM 1 TO 5.......ITS JORNAL ENTRIES....
3. A company issued 2000, 12%, 15 year convertible debentures of Rs 100 each on April 1st, 2004. Interest is payable on March 31 and September 30. The financial year end for the company is November 30. The debentures are convertible into 4 shares of Rs 10 par value. Prepare the amortisation schedule for the debentures. The present value of an annuity at 5% for 30 annual payments is 15.375. The present value of a single amount for the received after 30 periods at 5% is 0.2314. Pass journal entries for : 1. Issue of debentures 2. Payment of first interest on sept 30, 2004 3. Record accrued interest on nov 30 2004 4. Payment of interest on march 31, 2005 5. Converted debentures into equity on sep 30 2005 after paying interest 3. A company issued 2000, 12%, 15 year convertible debentures of Rs 100 each on April 1st, 2004. Interest is payable on March 31 and September 30. The financial year end for the company is November 30. The debentures are convertible into 4 shares of Rs 10 par value. Prepare the amortisation schedule for the debentures. The present value of an annuity at 5% for 30 annual payments is 15.375. The present value of a single amount for the received after 30 periods at 5% is 0.2314. Pass journal entries for : 1. Issue of debentures 2. Payment of first interest on sept 30, 2004 3. Record accrued interest on nov 30 2004 4. Payment of interest on march 31, 2005 5. Converted debentures into equity on sep 30 2005 after paying interestStep by Step Solution
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