On December 31, Lowland, Inc., converts its $900,000 par value bonds (carrying value also $900,000) into 90,000 shares of $6 par value common stock. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

Journal Entry to record the transaction

                                       Dr.                Cr.

Bond payable            $900,000

Common Share                            $540,000

Add-in- Capital common share   $360,000

Explanation:

Common share = 90,000 x $6 = $540,000

Add-in- Capital common share = $900,000 - $540,000

i think you have to let the moderators that you want your old account to be activated.

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%