f. Bank debt with an outstanding balance of $532,000 including accrued interest of $22,000 was reduced by $80,000 in exchange for investment securities that were recorded at their market value of...

f. Bank debt with an outstanding balance of $532,000 including accrued interest of $22,000 was reduced by $80,000 in exchange for investment securities that were recorded at their market value of $62,000. Another $200,000 of debt was exchanged for treasury stock of the company that had a par value of $50,000 and an original cost of $150,000. The balance of the debt was restructured calling for 10 quarterly payments of $27,470.38. The original bank debt had a stated interest rate of 8%.

g. A bank note payable with a balance of $60,000 was restructured by making three quarterly payments of $17,000.