2007 - Ch 16 - 1 of 5 E16-1 20,000,000 95% $ 20,000,000 99%...

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1 of 5 E16-1 20,000,000 $ 95% 19,000,000 $ 20,000,000 $ 99% 19,800,000 $ 20,000,000 $ 98% 19,600,000 $ Account Dr Cr 1 Cash 19,800,000 Bonds Payable 19,800,000 $ Unamortized Premium on Bonds Payable 70,000 Cash 70,000 2 Cash 19,600,000 $ Bonds Payable 18,800,000 $ Paid-In Capital Stock Warrants 800,000 Value of Conversion 18,800,000 $ 3 Debt Conversion Expense 75,000 Bonds Payable 9,945,000 Common Stock 1,000,000 Paid in Capital in Excess of Par 8,945,000 Cash 75,000 E16-4 10,000,000 8% 800,000 10,800,000 30% 3,216,000 $ Account Dr Cr A) Cash 10,800,000 Bonds Payable 10,800,000 B) Bonds Payable 3,216,000 $ Common Stock (30,000 shares @ $15) 450,000 Paid in Capital in Excess of Par 2,766,000 E16-10 Options 30,000 Par Value 10 $ Option Price 40 $ Total Compensa 450,000 $ Date Account Dr Cr 1/2/2008 Compensation Expense (50% of $450K) 225,000 Paid in Capital - Stock Options 225,000 1/1/2009 Compensation Expense (50% of $450K) 225,000 Paid in Capital - Stock Options 225,000 1/3/2010 Cash (20,000 * $40) 800,000 Paid in Capital - Stock Options (67% of $450 300,000 Common Stock (20,000 * $10) 200,000 Paid in Capital in Excess of Par 900,000 5/1/2010 Cash (10,000 * $40)
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This note was uploaded on 04/18/2008 for the course ACCT 3113 taught by Professor Chasteen during the Spring '08 term at Oklahoma State.

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2007 - Ch 16 - 1 of 5 E16-1 20,000,000 95% $ 20,000,000 99%...

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