I am having trouble with a practice case asking: On January 1, 2011 the stockholders of Jason Company authorized issuance of a ten year, 12%…

I am having trouble with a practice case asking: On January 1, 2011 the stockholders of Jason Company authorized issuance of a ten year, 12% convertible bonds with a face value of $800,000. Interest payable semiannually on June 30th and December 31. Jason useds the straight-line amortization method. Each $1000 bond is convertible into 85 shares of $5 par value common stock at the option of the bondholder. Transactions involving the bonds during 2011 and 2012 were as follows: 2011: Jan 1: issued all of the bonds at 105. Jan 30: Paid the semiannual intereste and amortized the premium. Dec. 31: Paid the semi annual interest and amortized the premium. 2012:Jan. 1: Holders of bonds with a face value of $700,000 converted their bonds into shares of common stock. June 30: Paid the semiannual interest and amortized the premium on the remaining bongs. July 1: Hawk Company purchased the remaining bonds on the open market at 96 and retired the bonds. Prepare journal entries to record the transactions involving bonds during 2011 and 2012.

Show more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10