Excercise 16-3 - 6,000 Preferred Stock (400 X 20 X $50).

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
EXERCISE 16-3 (10–15 minutes) Conversion recorded at book value of the bonds: Bonds Payable. ............................................................. 400,000 Premium on Bonds Payable. .......................................
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 6,000 Preferred Stock (400 X 20 X $50). ........................ 400,000 Paid-in Capital in Excess of Par-Preferred Stock. ................................................ 6,000...
View Full Document

This note was uploaded on 04/22/2010 for the course ACCT ACC552 taught by Professor Hint during the Spring '09 term at Keller Graduate School of Management.

Ask a homework question - tutors are online