On December 31, 2018, Caraboo Corporation issues 5%, 10-year convertible bonds payable with a face value of $4,500,000. The semiannual interest dates are June 30 and December 31 The market interest rate is 6%. Caraboo amortizes bond discounts using the effective interest method Read the requirements Requirements 2. 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 Print Done