On aug 2 2017, AOC co. singed an agreement with RO ltd to issue$300,000 6% debenture to RO for proceeds of $285,000. the debenture was issued on aug…

[ad_1]

On aug 2 2017, AOC co. singed an agreement with RO ltd to issue$300,000 6% debenture to RO for proceeds of $285,000. the debenture was issued on aug 2 2017. at any time after 2012 the debenture is convertible into common shares at the option of RO, at the rate of the two shares for each 100 bond. the maturity date of this debenture is aug 1 2037. the market interest rate for a regular, non convertible debenture with similar risk factors is 10%. interest is paid on feb 1 and aug 1. AOC uses effective interset method and the gross method to account for the debenture. AOC year year is dec 31.

Don't use plagiarized sources. Get Your Custom Essay on
On aug 2 2017, AOC co. singed an agreement with RO ltd to issue$300,000 6% debenture to RO for proceeds of $285,000. the debenture was issued on aug…
Just from $13/Page
Order Essay

A. prepare relevelant journal entries for the dates: aug 2 2017, dec 31, 2017 and feb 1, 2018

B on feb 1 2027 after interest is paid, the entire debenture is converted, prepare journal entries for conversion

Show more



[ad_2]

Source link

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 15% with the discount code BANANA