Issue 2-year 8% debentures at par on January 1, 2019. Interest payments are made annually at the end of each year. The debenture matures on December…

Large meteorite impacts are a significant forcing agent for climate on Earth. Although they are rare now, they were more common early in Earth’s…
October 7, 2020
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October 7, 2020

Issue 2-year 8% debentures at par on January 1, 2019. Interest payments are made annually at the end of each year. The debenture matures on December…

Issue 2-year 8% debentures at par on January 1, 2019. Interest payments are made annually at the end of each year. The debenture matures on December 31, 2020.Show the journal entries from January 1st 2019 to 31st of December 2020.

Issue 2-year 4% convertible debentures at par on January 1, 2019. The debentures can be converted into 10 million $1 shares at maturity on December 31, 2020. Interest payments are made annually at the end of each year. Without the conversion feature, the debenture would be priced the same as option A. Show the journal entries from January 1st 2019 to 31st of December 2020.

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