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Sheridan Company had 794000 shares of common stock outstanding on January 1, issued 124000 shares on May 1, purchased 63000 shares of treasury stock on
Sheridan Company had 794000 shares of common stock outstanding on January 1, issued 124000 shares on May 1, purchased 63000 shares of treasury stock on September 1, and issued 53000 shares on November 1. The weighted average shares outstanding for the year is 885500. O 906500. O 864500. O 843500. Bridgeport Corporation issues $430,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Issue price of the bonds $ 406926 On January 1, 2019, Sandhill issued 10-year, $200,000 face value, 6% bonds at par. Each $1,000 bond is convertible into 30 shares of Sandhill $2 par value common stock. The company has had 10,000 shares of common stock (and no preferred stock) outstanding throughout its life. None of the bonds have been converted as of the end of 2020. (Ignore all tax effects.) (a) Your answer has been saved. See score details after the due date. Prepare the journal entry Sandhill would have made on January 1, 2019, to record the issuance of the bonds. (if no entry is required, select "No entry"for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Date Jan. 31, 2019 Account Titles and Explanation Cash Debit 200000 Bonds Payable 200000 e Textbook and Media List of Accounts Attempts: 1 of 1 used (b) Sandhill's net income in 2020 was $25,000 and was $22,000 in 2019. Compute basic and diluted earnings per share for Sandhill for 2020 and 2019. (Round answers to 2 decimal places, e.g. 52.75.) 2020 2019 Basic earning per share $ $ Diluted earning per share $ $
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