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On December 31, 2018, Zugaboo Corporation issues 6%, 10-year convertible bonds payable with a face value of $4,000,000. The semiannual interest dates are June 30

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On December 31, 2018, Zugaboo Corporation issues 6%, 10-year convertible bonds payable with a face value of $4,000,000. The semiannual interest dates are June 30 and December 31. The market interest rate is 7%. Zugaboo amortizes bond discounts using the effective-interest method. Read the requirements. 1. 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. 3. 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

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