On December 31, 2018 Lugaboo Corporation issues 6%, 10-year convertible bonds payable with a face value of $4,500.000 The semiannual interest dates are Jun 30 and December 31. The market interest rate is 12% Lugaboo amortizes bond discounts using the effective interest method Read the requirements Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds (Round your answer to the nearest whole dollar) The Issue price of the bonds is 5 Requirement 2. Prepare an effective interest method amortization table for the first four semiannual interest periods (Round your answers to the nearest whole dollar) Lugaboo Corporation Amortization Table Discount Interest Expense Amortization Interest Payment Discount Account Balance Bond Carrying Amount Semiannual Interest Date 12-31-2018 6-30-2019 12.31-2019 6-30-2020 12-31-2020 On December 31, 2018, Lugaboo Corporation issues 6%, 10 year convertible bonds payable with a face value of $4,500,000. The semiannual interest dates are Jone 30 and December 31 The market interest rate is 12% Lugaboo amortizes bond discounts using the effective Interest method Read the quant Requirement 3. Journalize the following transactions (Record debiti fint, then credits Exclude explanations from our entries) a. Record the issuance of the bonds on December 31, 2018 Credit Convertible Bonds Payable (Round your answers to the nearest whole dolar Journal Entry Date Accounts Debit Credit 2018 Dec 31 On December 31, 2018, Lugaboo Corporation issues 6%, 10-year convertible bonds payable with a face value of $4,500,000. The semiannual interest 30 and December 31. The market interest rate is 12% Lugaboo amortizes bond discounts using the effective-interest method. Read the requirements b. Record the payment of interest and amortization of the bonds on June 30, 2019 (Round your answers to the nearest whole dollar) Joumal Entry Date Accounts Debit Credit 2019 1 Jun 30 c. Record the sun o On December 31, 2018, Lugaboo 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 12% Lugaboo amortides bond discounts using the effective interest method Read the requirements c. Record the payment of interest and amortization of the bonds on December 31, 2019. Round your answers to the whole dollar) Journal Entry Date Accounts Debit Credit 2019 1 Dec 31 0 On December 31, 2018. Lugaboo Corporation issues 6%, 10-year convertible bonds payable with a face value of 54,500,000. The semiannual interest 30 and December 31. The market interest rate is 12%. Lugaboo amortizes bond discounts using the effective-inforest method Read the requirements d. Record the conversion by the bondholders on July 1 2020 of bonds with a total face value of 51 800.000 into 100 ares of Lugaboo's 51-par comm Round your amwers to the nearest whole dollar) Journal Entry Date Accounts Debit Credit 2020 Jul 1 Requirement 4. Show how Lugaboo would report the remaining bonds payable on its balance sheet at December 31, 2020. Calculate the discount by mu the discount calculated in the original amortization table by the fraction of bonds remaining Round your answers to the nearest whole dollar) Lugaboo Corporation Partial Balance Sheet December 31, 2020 Less