5. Assume that a bond issued seven years ago has a balance of face of $100,000...

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5. Assume that a bond issued seven years ago has a balance of face of $100,000 and a premium balance remaining of $6,000. Show the entry to bring in the bonds if: 1.They are called at a price of 108. 2. There are, of course, 100 $1,000 bonds each convertible into 40 shares of $10 par stock. Assume total conversion, show the entry. 5. Assume that a bond issued seven years ago has a balance of face of $100,000 and a premium balance remaining of $6,000. Show the entry to bring in the bonds if: 1.They are called at a price of 108. 2. There are, of course, 100 $1,000 bonds each convertible into 40 shares of $10 par stock. Assume total conversion, show the entry.

Answer rating: 100% (QA)

Step 11 1 If the bond is called at a price of 108 the entry to ... View the full answer