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On December 31, 2018, Laraboo Corporation issues 6% , 10- year convertible bonds payable with a face value of $1,000,000. The semiannual interest dates are

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On December 31, 2018, Laraboo Corporation issues 6% , 10- year convertible bonds payable with a face value of $1,000,000. The semiannual interest dates are June 30 and December 31, The market interest rate is 8% Laraboo amortizes bond discounts using the effective-interest method Read the reguirements Requirement 3. Jounalize the following transactions. (Record debits first, then credits. Exclude explanations from all joumal entries.) i Requirements a. Record the issuance of the bonds on December 31, 2018. Credit Convertible Bonds Payable, (Round your answors to the nearest whole Journal Entry 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 Debit Date Accounts 1 Credit 2. 2018 semiannual interest periods Cash Dec 31 3. Joumalize the following transactions Discount on Bonds Payable 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 Convertible Bonds Payable- 2019 c. Payment of interest and amortization of the bond discount on December 31, 2019 b. Record the payment of interest and amortization of the bonds on June 30, 2019. (Round your answers to the nearest whole dollar) d. Conversion by the bondholders on July 1, 2020, of bonds with a total face value of $400,000 into 120,000 shares of Laraboo's $1-par common stock Journal Entry Accounts Debit Credit Date Show how Laraboo would report the remaining bonds payable on ts balance sheet at December 31, 2020. 4. 2019 30 Interest Expense Jun Print Done Choose from any list or enter any number in the input fields and then continue to the next question. On December 31, 2018, Laraboo Corporation issues 6% , 10- year convertible bonds payable with a face value of $1,000,000. The semiannual interest dates are June 30 and December 31, The market interest rate is 8% Laraboo amortizes bond discounts using the effective-interest method Read the reguirements Requirement 3. Jounalize the following transactions. (Record debits first, then credits. Exclude explanations from all joumal entries.) i Requirements a. Record the issuance of the bonds on December 31, 2018. Credit Convertible Bonds Payable, (Round your answors to the nearest whole Journal Entry 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 Debit Date Accounts 1 Credit 2. 2018 semiannual interest periods Cash Dec 31 3. Joumalize the following transactions Discount on Bonds Payable 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 Convertible Bonds Payable- 2019 c. Payment of interest and amortization of the bond discount on December 31, 2019 b. Record the payment of interest and amortization of the bonds on June 30, 2019. (Round your answers to the nearest whole dollar) d. Conversion by the bondholders on July 1, 2020, of bonds with a total face value of $400,000 into 120,000 shares of Laraboo's $1-par common stock Journal Entry Accounts Debit Credit Date Show how Laraboo would report the remaining bonds payable on ts balance sheet at December 31, 2020. 4. 2019 30 Interest Expense Jun Print Done Choose from any list or enter any number in the input fields and then continue to the next

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