o On December 31, 2016. Carto Corporation ist 7%. 10-year convertible borda payable wateve 1.500.000 The senior dates were and December 31. The more interest 12% Carstwo bendscounting the effectivenest method Requirement 1. Use the PV tunction in Exceto calculate the issue price of the bonds Round your answer to the whole dar) These price of the bords is $ Requirement 2. Prepare an efective method to be for the serial arest pero Round your answers to the newest whole dar) Carabos Corporation Amortation Table Seman Det Dart Account interest Payment Amor Art 12-01-2018 6-30 2019 12-01-2018 6-5-2020 12 Requirements. Journal following actions Mecord of the credits Education from all Choose from any istoranterary number in the input fods and then continue to the nation bond discounts using the effective-interest method Read the requirements Requirement 3. Journalize the following transactions. (Record debits first, then credits. Exclude explanations from all journal entries.) a. Record the issuance of the bonds on December 31, 2018. Credit Convertible Bonds Payable (Round your answers to the nearest whole dollar.) Journal Entry Accounts Debit Credit Date 2018 Dec 31 b. Record the payment of interest and amortization of the bonds on June 30, 2019. (Round your answers to the nearest whole dollar) Journal Entry Debit Accounts Credit Date 2019 Jun 30 Choose from any list or enter any number in the input fields and then continue to the next question. On December 31, 2018, Caraboo Corporation issues 7%, 10 year convertible bonds payable with a face value of $4.500.000 The semiannual interest datos are June 30 and December 31. The market interest bond discounts using the effective interest method. Read the requirements e Record the payment of interest and amortization of the bonds on December 31, 2019. (Round your answers to the nearest whole collar) Journal Entry Date Accounts Debit Credit 2019 Dac 31 d. Record the conversion by the bondholders on July 1, 2020, of bonds with a total face value of $1,800,000 120.000 shares of Caraboo's $1.par common stock. (Round your answers to the nearest whole Journal Entry Accounts Date Debit Credit 2020 1 Choose from any list or enter any number in the input fields and then continue to the next question This Question: 1 pt 1 of 3 (0 complete) On December 31, 2018, Caraboo Corporation issues 7%, 10-year convertible bonds payable with a face value of $4,500,000. The semiannual interest dates are June bond discounts using the effective interest method. Read the requirements. d. Record the conversion by the bondholders on July 1, 2020, of bonds with a total face value of $1,800,000 into 120,000 shares of Caraboo's $1-par common stock. Journal Entry Accounts Date Debit Credit 2020 Jul 1 Requirement 4. Show how Caraboo would report the remaining bonds payable on its balance sheet at December 31, 2020. (Calculate the discount by multiplying the remaining. Round your answers to the nearest whole dollar) Caraboo Corporation Partial Balance Sheet December 31, 2020 Less Choose from any list or enter any number in the input fields and then continue to the next question Onvertible bonds payable with a face value of $4,500,000. The semiannual interest dates are June 30 and * Requirements e price 1. 2. table for 3. ration Table Discount mortizati Use the PV function in Excel to calculate the issue price of the bonds. Prepare an effective-interest method amortization table for the first four semiannual interest periods. Journalize the following transactions: a. Issuance of the bonds on December 31, 2018. Credit Convertible Bonds Payable. b. Payment of interest and amortization of the bond discount on June 30, 2019 c. Payment of interest and amortization of the bond discount on December 31, 2019 d. Conversion by the bondholders on July 1, 2020, of bonds with a total face value of $1,800,000 into 120,000 shares of Caraboo's $1-par common stock Show how Caraboo would report the remaining bonds payable on its balance sheet at December 31, 2020. 4. bits first, 4 Print Done nd then continue to the next