Question: (EPS) r Shar Earn Acc 543-Chapter 15 & 16 Homework oblem #3 the Journal Entries: bond issue convertible into A. Litke Corporation issued at a

(EPS) r Shar Earn Acc 543-Chapter 15 & 16 Homework oblem #3 the Journal Entries: bond issue convertible into A. Litke Corporation issued at a premium of $5,000 a the 2,000 shares of common stock (par value $20). At the time of the conversion the unamortized premium is $2,000, the market value of the bonds is $110,000, and stock is quoted on the market at $60 per share. If the bonds are converted into common what is the JE? Payable coor Premium am on BP zoo Common Stock ital in

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