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  3. concord corporation issued 2,000 shares of $10 par

Concord Corporation issued 2,000 shares of $10 par value common stock upon conversion of 1,000...

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Accounting

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Concord Corporation issued 2,000 shares of $10 par value common stock upon conversion of 1,000 shares of $50 par value preferred stock. The preferred stock was originally issued at $65 per share. The common stock is trading at $24 per share at the time of conversion Record the cornversion of the preferred stock. Rist all debit entries before credit entries. Credit account titles are cutomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Bramble Corporation issued 2,000$1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 98 , and the warrants had a marhet price of $43. Use the proportional method to record the issuance of the bonds and warrants. (List all debit entries before credit entries, Credit account tities ore outomatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the occount titles and enter ofor the amounts. Do not round intermedlate calculations. Round your answers to odecinal places, es 5,125

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