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pls answer Current Attempt in Progress Petrenko Corporation has outstanding 2.000 $1.000 bonds, each convertible Into 50 shares of $10 par value common stock, The
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Current Attempt in Progress Petrenko Corporation has outstanding 2.000 $1.000 bonds, each convertible Into 50 shares of $10 par value common stock, The bords are converted on December 31, 2020, when the unamortized discount is $30,000 and the market price of the stock is $21 per share Record the conversion using the book value approach. (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 tities and enter for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Current Attempt in Progress Pechstein Corporation Issued 2.000 shares of $10 par value common stock upon conversion of 1,000 shares of $50 par value preferred stock. The preferred stock was originally issued at $60 per share. The common stock is trading at $26 per share at the time of conversion Record the conversion of the preferred stock (Credit account titles are automotically Indented when arnourt is entered. Do not indent manually. I no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Current Attempt in Progress Eisler Corporation issued 2,000 $1,000 bonds at 101 Each bond was issued with one detachable stock warrant. After Issuance, the bonds were selling in the market at 98, and the warrants had a market price of $40. Use the proportional method to record the issuance of the bonds and warrants. (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 your answers to decimal places, eg. 5,125) Account Titles and Explanation Debit Credit e Textbook and Media McIntyre Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant After issuance, the bonds were selling separately at 98. The market price of the warrants without the bonds cannot be determined Use the Incremental method to record the issuance of the bonds and warrants. (Credit account tities 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.) Account Titles and Explanation Debit Credit e Textbook and Media Step by Step Solution
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