aidan0824

13.03.2020 • 

Business

On january 1, 2020, whispering corporation issued $3,740,000 of 10-year, 8% convertible debentures at 102. interest is to be paid semiannually on june 30 and december 31. each $1,000 debenture can be converted into 8 shares of whispering corporation $100 par value common stock after december 31, 2021. on january 1, 2022, $374,000 of debentures are converted into common stock, which is then selling at $111. an additional $374,000 of debentures are converted on march 31, 2022. the market price of the common stock is then $116. accrued interest at march 31 will be paid on the next interest date. bond premium is amortized on a straight-line basis. make the necessary journal entries for:

(a) december 31, 2021.
(c) march 31, 2022.
(b) january 1, 2022.
(d) june 30, 2022.

Ответ:

maxy7347go

03.03.2022

Business

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It must have the same slope as the given line, so

m = -A/B = -1/-2 = 1/2

So far, we have

y = mx + b = x/2 + b

Use the given point to find b.

4 = -2/2 + b = -1 + b

b = 5

y = x/2 + 5

Multiply through by 2.

2y = x + 10

Standard form:

x - 2y = -10

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