Accounting 311
3/10/2019
Chapter 16 Homework
E16-1:
1. Cash 19,800,000
Discount on Bonds Payable 200,000
Bonds Payable 20,000,000
2. Cash 19,600,000
Discount on Bonds Payable 1,200,000
Bonds Payable 20,000,000
Paid-in Capital (Stock Warrants) 800,000
3. Debt Conversion Expense 75,000
Bonds Payable 10,000,000
Discount on Bonds Payable 55,000
