Trilium Gold Inc.s December 31, 2023, adjusted trial balance shows the following: Required 1. What is the
Question:
Trilium Gold Inc.’s December 31, 2023, adjusted trial balance shows the following:
Required1. What is the carrying value of the bonds on December 31, 2023?2. The bonds were converted into 105,000 common shares on January 1, 2024. Journalize the entry assuming the market value per common share on this date was $9.10.
Account Description Bonds payable, convertible.......... Premium on bonds payable.......... *Assume normal balances. Balance* $1,050,000 14,000
Step by Step Answer:
2 1 The carrying value of the bonds on December 31 ...View the full answer
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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