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QUESTION 6 1.5 points In 2014, Tennis, Inc. issued for 5103 per share. 140.000 shares of $100 par value convertible preferred stock. One share of

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QUESTION 6 1.5 points In 2014, Tennis, Inc. issued for 5103 per share. 140.000 shares of $100 par value convertible preferred stock. One share of preferred stock con be converted into three shares of $20 par value common stock at the option of the preferred stockholder. In August 2015, half of the preferred stock was converted into common stock. The market value of the common stock at the date of the conversion was $35 per share. Whet total amoure should be credited to addmonal paid in capital from.common stock as a result of the conversion of the preferred stock into common 6.020,000 QUESTION 2 points SAW On May 1, 2014 Casio Corporation issued 5300,000 of 6 bonds at 9. Each 51,000 bord was sold with 15 detachable stock warrant cach permining the investor to purchase ane share of no-par common stock for 37. On the issuance date, the market value of the bonds was at 96 and the market vale of each warrant was 52 On February 1, 2015, 2250 warrants were exercised when the stock price was $35, Grethe journal entry to record the exercise of 2.250 warrane (Your answer should be in the form of a typical journal entry. List the dobits and then the credits and order the account ons by phical order. Make sure to Dor Ch. before each account name) For the toolbar press ALT FO(P) ALTHEN FOXMac B TV Paragraph Arial 14px ALIX > x X 811 40 EB B E 29 E 0) 99 c

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