PROBLEM 5-9 and PROBLEM 5-10

December 31, 2020: on Problem 5-9 (AICPA Adapted) Blue Company reported the following financial liabilities 9% debentures, callable in 2021, due in 2022 1196 collateral trust bonds, convertible into share 3,500,000 capital beginning in 2021, due in 2022 3.000.000 10% debentures, P300,000 maturing annually 1,500,000 What is the total amount of term bonds? 8. b. c. 3,000,000 3,500,000 5,000,000 d. 6,500,000 Problem 5-10 (AICPA Adapted) Hancock Company reported the following noncurrent liabilities on December 31, 2020: Unsecured 2,750,000 9% registered bond, P250,000 maturing annually beginning in 2021 11% convertible bonds, callable beginning in 2021, due 2022 1,250,000 Secured 12% guaranty security bonds, due 2022 10% commodity backed bonds, P500,000 2,500,000 maturing annually beginning in 2021 2,000,000 1. What total amount of serial bonds should be reported? a. 4,750,000 b. 3,750,000 c. 4,500,000 d. 2,000,000 2. What is the total amount of debenture bonds? a. 4,000,000 b. 1,250,000 c. 6,500,000 d. 6,000,000 189