On December 31, 2020, Wilton Ltd. issues 15 percent 10-year convertible bonds with a maturity value of $7.000.000. The semi-annuale des June 30 December. The market interest rate is 14 percent, and the issue price of the bonds is 106.68107 Required Req i Required Se Inte 1. Prepare an effective-interest-method amortization table for the first four semi-annual interest periods. 2. Journalize the following transactions: a. Issuance of the bonds on December 31, 2020. Credit Convertible Bonds Payable. b. Payment of interest on June 30, 2021. c. Payment of interest on December 31, 2021. d. Retirement of bonds with maturity value of $2,900,000 on July 2, 2022. Wilton pays the call price of 106.00. e. Conversion by the bondholders on July 2, 2022, of bonds with maturity value of $3,600,000 into 46,000 Wilton Ltd. common shares. 3. Prepare the balance sheet presentation of the bonds payable that are outstanding at December 31, 2022. Jun De Jur De Print Done UE Chod Requirement 1. Prepare an effective-interest-method amortization table for the first four seri-annual interest periods. (Round your answer to t Wilton Ltd. A D E Interest Unamortized Amortization Table B C Interest Expense (7.0% of Premium Preceding Bond Amortization Carrying Amount) (A-B) Premium Account Payment (7.5% of Maturity Values) Bond Carrying Amount Semi-annual Balance (D-C) Interest Period ($7,000,000 +D) 2020 June 30, 2021 Dec 31, 2021 June 30, 2022 Dec 31, 2022 Choose from any list or enter any number in the input fields and then continue to the next question Requirement 2. Journalize the transactions a. Issuance of the bonds on December 31, 2020. Credit Convertible Bonds Payable. (Record debits first, then credits. Exclude explanations from Journal Entry Credit Date Accounts Debit 2020 Dec 31 b. Payment of interest on June 30, 2021. Journal Entry Date Accounts Debit Credit c. Payment of interest on December 31, 2021. Journal Entry Date Accounts Debit Dec. Credit 31 d. Retirement of bonds with maturity value of $2,900,000 on July 2, 2022. Wilton pays the call price of 106.00. (Hold all decimals in interim calcul nearest dollar.) Journal Entry Accounts Date Debit Credit 2022 Jul 2 Choose from any list or enter any number in the input fields and then continue to the next question. e Conversion by the bondholders on July 2.2022. of bonds with maturity value of $3,600,000 into 46,000 witon Lid common shares (Hold all decimals in interim calculation. Foun your answer to the nearest dollar.) Journal Entry Accounts Date 2 Debit Credit Jul Requirement 3. Prepare the balance sheet presentation of the bonds payable that are outstanding at December 31, 2022. (Calculate the premi calculated in the original amortization table by the fraction of bonds remaining, Enter a minus sign for numbers to be subtracted.) Wilton Ltd. Balance Sheet (partial) December 31, 2022 Long-term liabilities Plus Choose from any list or enter any number in the input fields and then continue to the next question. O semi-annual interest dates are ju Required terest- Jer to the neares Interd Pred 1. Prepare an effective-interest-method amortization table for the first four semi-annual interest periods. 2. Journalize the following transactions: a. Issuance of the bonds on December 31, 2020. Credit Convertible Bonds Payable. b. Payment of interest on June 30, 2021. c. Payment of interest on December 31, 2021. d. Retirement of bonds with maturity value of $2,900,000 on July 2, 2022. Wilton pays the call price of 106.00. e. Conversion by the bondholders on July 2, 2022, of bonds with maturity value of $3,600,000 into 46,000 Wilton Ltd. common shares. 3. Prepare the balance sheet presentation of the bonds payable that are outstanding at December 31, 2022. Carry Print Done er in the input fields and then continue to the next question. On December 31, 2020, Witon Ltd. Issues 15 percent, 10-year convertible bonds with a maturity value of $7,000,000. The semi-annual interest dates are June 30 and December 31. The market interest rate is 14 percent, and the issue price of the bonds is 106.68107 Required UU UUNIUS IS IU6.68107. 1,000,000. The semi-annual interest Required Etive-int answer 1. Prepare an effective-interest-method amortization table for the first four semi-annual interest periods. 2. Journalize the following transactions: a. Issuance of the bonds on December 31, 2020. Credit Convertible Bonds Payable. b. Payment of interest on June 30, 2021. c. Payment of interest on December 31, 2021. d. Retirement of bonds with maturity value of $2,900,000 on July 2, 2022. Wilton pays the call price of 106.00. e. Conversion by the bondholders on July 2, 2022, of bonds with maturity value of $3,600,000 into 46,000 Wilton Ltd. common shares. 3. Prepare the balance sheet presentation of the bonds payable that are outstanding at December 31, 2022. Print Done then continue to the next question. On December 31, 2020, Wilton Ltd. issues 15 percent, 10-year convertible bonds with a maturity value of $7,000,000. The semi-annual interest dates are June 30 and December 31. The market interest rate is 14 percent, and the issue price of the bonds is 106.68107 Required On December 31, 2020, Wilton Ltd. issues 15 percent 10-year convertible bonds with a maturity value of $7.000.000. The semi-annuale des June 30 December. The market interest rate is 14 percent, and the issue price of the bonds is 106.68107 Required Req i Required Se Inte 1. Prepare an effective-interest-method amortization table for the first four semi-annual interest periods. 2. Journalize the following transactions: a. Issuance of the bonds on December 31, 2020. Credit Convertible Bonds Payable. b. Payment of interest on June 30, 2021. c. Payment of interest on December 31, 2021. d. Retirement of bonds with maturity value of $2,900,000 on July 2, 2022. Wilton pays the call price of 106.00. e. Conversion by the bondholders on July 2, 2022, of bonds with maturity value of $3,600,000 into 46,000 Wilton Ltd. common shares. 3. Prepare the balance sheet presentation of the bonds payable that are outstanding at December 31, 2022. Jun De Jur De Print Done UE Chod Requirement 1. Prepare an effective-interest-method amortization table for the first four seri-annual interest periods. (Round your answer to t Wilton Ltd. A D E Interest Unamortized Amortization Table B C Interest Expense (7.0% of Premium Preceding Bond Amortization Carrying Amount) (A-B) Premium Account Payment (7.5% of Maturity Values) Bond Carrying Amount Semi-annual Balance (D-C) Interest Period ($7,000,000 +D) 2020 June 30, 2021 Dec 31, 2021 June 30, 2022 Dec 31, 2022 Choose from any list or enter any number in the input fields and then continue to the next question Requirement 2. Journalize the transactions a. Issuance of the bonds on December 31, 2020. Credit Convertible Bonds Payable. (Record debits first, then credits. Exclude explanations from Journal Entry Credit Date Accounts Debit 2020 Dec 31 b. Payment of interest on June 30, 2021. Journal Entry Date Accounts Debit Credit c. Payment of interest on December 31, 2021. Journal Entry Date Accounts Debit Dec. Credit 31 d. Retirement of bonds with maturity value of $2,900,000 on July 2, 2022. Wilton pays the call price of 106.00. (Hold all decimals in interim calcul nearest dollar.) Journal Entry Accounts Date Debit Credit 2022 Jul 2 Choose from any list or enter any number in the input fields and then continue to the next question. e Conversion by the bondholders on July 2.2022. of bonds with maturity value of $3,600,000 into 46,000 witon Lid common shares (Hold all decimals in interim calculation. Foun your answer to the nearest dollar.) Journal Entry Accounts Date 2 Debit Credit Jul Requirement 3. Prepare the balance sheet presentation of the bonds payable that are outstanding at December 31, 2022. (Calculate the premi calculated in the original amortization table by the fraction of bonds remaining, Enter a minus sign for numbers to be subtracted.) Wilton Ltd. Balance Sheet (partial) December 31, 2022 Long-term liabilities Plus Choose from any list or enter any number in the input fields and then continue to the next question. O semi-annual interest dates are ju Required terest- Jer to the neares Interd Pred 1. Prepare an effective-interest-method amortization table for the first four semi-annual interest periods. 2. Journalize the following transactions: a. Issuance of the bonds on December 31, 2020. Credit Convertible Bonds Payable. b. Payment of interest on June 30, 2021. c. Payment of interest on December 31, 2021. d. Retirement of bonds with maturity value of $2,900,000 on July 2, 2022. Wilton pays the call price of 106.00. e. Conversion by the bondholders on July 2, 2022, of bonds with maturity value of $3,600,000 into 46,000 Wilton Ltd. common shares. 3. Prepare the balance sheet presentation of the bonds payable that are outstanding at December 31, 2022. Carry Print Done er in the input fields and then continue to the next question. On December 31, 2020, Witon Ltd. Issues 15 percent, 10-year convertible bonds with a maturity value of $7,000,000. The semi-annual interest dates are June 30 and December 31. The market interest rate is 14 percent, and the issue price of the bonds is 106.68107 Required UU UUNIUS IS IU6.68107. 1,000,000. The semi-annual interest Required Etive-int answer 1. Prepare an effective-interest-method amortization table for the first four semi-annual interest periods. 2. Journalize the following transactions: a. Issuance of the bonds on December 31, 2020. Credit Convertible Bonds Payable. b. Payment of interest on June 30, 2021. c. Payment of interest on December 31, 2021. d. Retirement of bonds with maturity value of $2,900,000 on July 2, 2022. Wilton pays the call price of 106.00. e. Conversion by the bondholders on July 2, 2022, of bonds with maturity value of $3,600,000 into 46,000 Wilton Ltd. common shares. 3. Prepare the balance sheet presentation of the bonds payable that are outstanding at December 31, 2022. Print Done then continue to the next question. On December 31, 2020, Wilton Ltd. issues 15 percent, 10-year convertible bonds with a maturity value of $7,000,000. The semi-annual interest dates are June 30 and December 31. The market interest rate is 14 percent, and the issue price of the bonds is 106.68107 Required