Laufer Corp. received $1,000,000 in cash proceeds from the issue of $1,000,000 of 4% 20-year convertible bonds on January 1, 2020. Interest is payable annually on December 31, and any discount/premium is amortized using effective interest amortization. The convertible debt contains an agreement with the lenders that the issuer may settle the entire obligation with any combination of stock or cash equivalent to the conversion value. The market rate of interest for similar credit-quality non-convertible debt is 8%. Required:
Journalize the entires.

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About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product