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    jlsweeney1's Avatar
    jlsweeney1 Posts: 4, Reputation: 1
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    #1

    Jun 12, 2010, 11:24 AM
    Accounting homework
    A company has 5,000 convertible preferred shares convertible to 2 shares of common stock, $1.00 par value. The preferred shares were originally issued at their $50.00 pare value price. If all the preferred shared are converted to common, give the entry to reflect this conversion.
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #2

    Jun 12, 2010, 12:53 PM
    Hi, jlsweeney1!

    Are you looking for a direct answer to the problem, or from someone to come along and help you to learn how to come up with the correct answer yourself, please?

    If the former is true, please click on the following link.

    https://www.askmehelpdesk.com/financ...-b-u-font.html

    Thanks!
    jlsweeney1's Avatar
    jlsweeney1 Posts: 4, Reputation: 1
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    #3

    Jun 12, 2010, 01:41 PM
    Help with the answer I'm stuck
    jlsweeney1's Avatar
    jlsweeney1 Posts: 4, Reputation: 1
    New Member
    		  
    #4

    Jun 12, 2010, 01:41 PM
    Quote Originally Posted by clough View Post
    hi, jlsweeney1!

    Are you looking for a direct answer to the problem, or from someone to come along and help you to learn how to come up with the correct answer yourself, please?

    If the former is true, please click on the following link.

    https://www.askmehelpdesk.com/financ...-b-u-font.html

    thanks!
    Help with the answer
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