17 words Question 17 15 pts (See information about Mathers in previous problem) On January...
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17 words Question 17 15 pts (See information about Mathers in previous problem) On January 2, 2019, when the bonds had an unamortized premium of $28,000 and the market value of the Mathers common stock was $40 per share, all of the bonds were converted into common stock. Mathers uses the straight-line method to amortize premiums and discounts. Record the conversion on January 2, 2019 using the book value method. Record the conversion on January 2, 2019 using the market value method. HTML Editores BI U A A - Ix E 33 x VX C TT 12pt Paragraph O words Question 16 3 pts On January 1, 2016, the Mathers Corporation issued $500,000 of 12% convertible bonds for $540,000. The bonds are due on January 1, 2026, and interest is paid on July 1 and January 1. Each $1,000 bond is convertible into 30 shares of common stock with a par value of $1 per share. Prepare the journal entry to record the issuance of the convertible bonds on January 1, 2016. HTML Editora B I U A - A - IX E 11 x x DE? V CDT 12pt Paragraph Jan/1/2016 debit credit cash $540,000 12%convertible bonds $500,000 premium on bonds $4,000
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