On December 31, 2021, Lugaboo Corporation issues $%,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 6%. Lugaboo amortizes bond discounts using the effective-interest method. Read the fegulrements. 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 Requirement 2. Prepare an effective-interest method amortization table for the first four semiannual interest periods. (Round your answors to the nearest whole dollar.) 1. Use the PV function in Excel to calculate the issue price of the bonds. 2. 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, 2021. Credit Convertible Bonds Payable. b. Payment of interest and amortization of the bond discount on June 30 , 2022. c. Payment of interest and amortization of the bond discount on December 31, 2022. d. Conversion by the bondholders on July 1,2023 , of bonds with a total face value of $400,000 into 70,000 shares of Lugaboo's $1-par common stock. 4. Show how Lugaboo would report the remaining bonds payable on its balance sheet at December 31, 2023. On Docomber 31, 2021, Lugaboo Corporation issues 5%, 10-year convertble 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 6%. Lugaboo amortizes bond discounts using the offoctive-intorest mothod. Read the recuinements. Requirement 3. Journalize the following transactions. (Record debits fist then credas. Exolude explanations from all joumal entries.) a. Record the issuance of the bonds on December 31, 2021. Credi Convertible Bonds Payable, (Round your answers to the nearest whole dollar) On December 31, 2021, Lugaboo Corporation issues 5%,10-year comvertible bonds payablo with a face value of $1,000,000. The semiannual interest dates are June 30 and December 31 . The market interest rate is 6%. Lugaboo amortizes bond discounts uging the eflective-interest method. Resd the teguirements. 12312023 Requirement 3, Joumalize the following transactions. (Record dobits Itrt, then credits. Exciude explanations from all foumal entries.) a. Reoord the issuance of the bonds on December 31, 2021. Credit Corvertible Bonds Payabie. (Round your answers to the nearest whole dollar) On December 31, 2021, Lugaboo Corporation issues 5%,10-year convertble 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 6%. Lugaboo amortizos bond discounts using the effective-interest method. Read the requirements. b. Fecord the payment of interest and amortzation of the bonds on June 30,2022 . (Round your answors to the nearest whiolo dollar.) c. Record the payment of interest and amorization of the bonds on December 31,2022 . (Round your answers to the nearest whole dollar.) On December 31, 2021, Lugaboo Corporation issues 5%,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 interent rate is 6%. Lugaboo amortizes bond discounts using the etlective-interest method. Read the requiremen/s. c. Record the payment of interest and amortration of the bonds on December 31, 2022. (Round your answers to the nearest whole dollar.) d. Record the comversion by the bondhoiders on July 1. 2023, of bonds with a total face value of $400,000 into 70,000 shares of Lugaboo's $1-par common stock. (Round) your antwoeli to the nearest whole doflar.) Journal Entrv On Docember 31, 2021, Lugaboo Corporation issues 5%,10-year convertible bonds payable with a face value of $1,000,000. The semiannual interest dales are June 30 and December 31. The market interest rate is 6%. Lugaboo amortizes bond discounts using the effective-interest method. Read the requirements. d. Record the conversion by the bondholders on July 1, 2023, of bonds with a total face value of $400,000 into 70,000 shares of Lugaboo's $1-par common stock. (Round your answers to the nearest whole doltar.) Requirement 4. Show how Lugaboo would report the remaining bonds payable on its balance sheet at December 31, 2023. (Calculate the disceunt by multeping the discount calculated in the conoinal ansortization toble by the fraction of bonds remainino. Round vour answers to the neasent whole doliae. On December 31, 2021, Lugoboo Corporation issw0s 5%,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 rale is 6%. Lugaboo amortizes bond discounts using the eflioctive-interest method. Read the teguirements. Requirement 4. Show how Lugaboo would report the remaining bonds payable on its balance sheet at Docember 31, 2023. (Calculate the discount by multiplying the discount calculated in the original amortization table by the fraction of bonds remaining. Round your answers to the nearest whicle dollar) On December 31, 2021, Lugaboo Corporation issues $%,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 6%. Lugaboo amortizes bond discounts using the effective-interest method. Read the fegulrements. 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 Requirement 2. Prepare an effective-interest method amortization table for the first four semiannual interest periods. (Round your answors to the nearest whole dollar.) 1. Use the PV function in Excel to calculate the issue price of the bonds. 2. 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, 2021. Credit Convertible Bonds Payable. b. Payment of interest and amortization of the bond discount on June 30 , 2022. c. Payment of interest and amortization of the bond discount on December 31, 2022. d. Conversion by the bondholders on July 1,2023 , of bonds with a total face value of $400,000 into 70,000 shares of Lugaboo's $1-par common stock. 4. Show how Lugaboo would report the remaining bonds payable on its balance sheet at December 31, 2023. On Docomber 31, 2021, Lugaboo Corporation issues 5%, 10-year convertble 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 6%. Lugaboo amortizes bond discounts using the offoctive-intorest mothod. Read the recuinements. Requirement 3. Journalize the following transactions. (Record debits fist then credas. Exolude explanations from all joumal entries.) a. Record the issuance of the bonds on December 31, 2021. Credi Convertible Bonds Payable, (Round your answers to the nearest whole dollar) On December 31, 2021, Lugaboo Corporation issues 5%,10-year comvertible bonds payablo with a face value of $1,000,000. The semiannual interest dates are June 30 and December 31 . The market interest rate is 6%. Lugaboo amortizes bond discounts uging the eflective-interest method. Resd the teguirements. 12312023 Requirement 3, Joumalize the following transactions. (Record dobits Itrt, then credits. Exciude explanations from all foumal entries.) a. Reoord the issuance of the bonds on December 31, 2021. Credit Corvertible Bonds Payabie. (Round your answers to the nearest whole dollar) On December 31, 2021, Lugaboo Corporation issues 5%,10-year convertble 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 6%. Lugaboo amortizos bond discounts using the effective-interest method. Read the requirements. b. Fecord the payment of interest and amortzation of the bonds on June 30,2022 . (Round your answors to the nearest whiolo dollar.) c. Record the payment of interest and amorization of the bonds on December 31,2022 . (Round your answers to the nearest whole dollar.) On December 31, 2021, Lugaboo Corporation issues 5%,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 interent rate is 6%. Lugaboo amortizes bond discounts using the etlective-interest method. Read the requiremen/s. c. Record the payment of interest and amortration of the bonds on December 31, 2022. (Round your answers to the nearest whole dollar.) d. Record the comversion by the bondhoiders on July 1. 2023, of bonds with a total face value of $400,000 into 70,000 shares of Lugaboo's $1-par common stock. (Round) your antwoeli to the nearest whole doflar.) Journal Entrv On Docember 31, 2021, Lugaboo Corporation issues 5%,10-year convertible bonds payable with a face value of $1,000,000. The semiannual interest dales are June 30 and December 31. The market interest rate is 6%. Lugaboo amortizes bond discounts using the effective-interest method. Read the requirements. d. Record the conversion by the bondholders on July 1, 2023, of bonds with a total face value of $400,000 into 70,000 shares of Lugaboo's $1-par common stock. (Round your answers to the nearest whole doltar.) Requirement 4. Show how Lugaboo would report the remaining bonds payable on its balance sheet at December 31, 2023. (Calculate the disceunt by multeping the discount calculated in the conoinal ansortization toble by the fraction of bonds remainino. Round vour answers to the neasent whole doliae. On December 31, 2021, Lugoboo Corporation issw0s 5%,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 rale is 6%. Lugaboo amortizes bond discounts using the eflioctive-interest method. Read the teguirements. Requirement 4. Show how Lugaboo would report the remaining bonds payable on its balance sheet at Docember 31, 2023. (Calculate the discount by multiplying the discount calculated in the original amortization table by the fraction of bonds remaining. Round your answers to the nearest whicle dollar)