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 interest rate is 6%. 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 Requirement 2. Prepare an effective-interest method amortization table for the first four semiannual interest periods. (Round your answers 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 December 31, 2021, Lugaboo Corporation issues 5%, 10-year convertble bonds payable with a face valuo of $1,000,000. The semtannual interest dates are June 30 and Docember 31 . The market interest rate is 6%. Lugaboo amortizes bond discounts using the effective-interest method. Read the tequirements. Requirement 3. Joumalize the following transactions. (Record debits first then credits. Exclude explanations from all joumar entries.) a. Record the issuance of the bonds on December 31, 2021. Credit Convertble Bonds Payable. (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 amortizes bond discounts using the effective-interest method. Read the requirements. 12.31 .2023 Requirement 3. Journalize the following transactions. (Record debits first, then credits. Exclude explanations from all journal entries.) a. Record the issuance of the bonds on December 31,2021 . Credit Convertble Bonds Payable. (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 interest rate is 6%. Lugaboo amortizes bond discounts using the effective-interest method. Read the requirements. 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 rale is 6%. Lugaboo amortizes bond discounts using the elfective-interest method. Read the reguifements. c. Record the payment of interest and amortization of the bonds on December 31, 2022. (Round your answers to the neacest whole dollar.) d. Record the conversion by the bongholders on July 1. 2023, of bonds with a total face value of $400,000 inte 70,000 shares of Lugaboo's $1-par common stock. (Round your answers to the nearest whole doliar.) Joumal Entry 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 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 dollar.) Requirement 4. Show how Lugaboo would report the remaining bonds payable on its balance sheet at December 31, 2023. (Caiculate the discount by multipling the discount calculated in the oriainal amorization table bw the fraction of bonds remainino. Round vour answers to the noarest whole dollar, On December 31,2021 , Lugaboo Corporation issues 5%, 10 -year convertible bonds payable with a face value of $1,000,000. The semlannual 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 requirements. Requirement 4, Show how Lugaboo would report the remaining bonds payable on its balance sheet at December 31 . 2023. (Calculate the discount by multiphing the discount calculated in the original amortization table by the fraction of bonds remaling. 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 interest rate is 6%. 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 Requirement 2. Prepare an effective-interest method amortization table for the first four semiannual interest periods. (Round your answers 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 December 31, 2021, Lugaboo Corporation issues 5%, 10-year convertble bonds payable with a face valuo of $1,000,000. The semtannual interest dates are June 30 and Docember 31 . The market interest rate is 6%. Lugaboo amortizes bond discounts using the effective-interest method. Read the tequirements. Requirement 3. Joumalize the following transactions. (Record debits first then credits. Exclude explanations from all joumar entries.) a. Record the issuance of the bonds on December 31, 2021. Credit Convertble Bonds Payable. (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 amortizes bond discounts using the effective-interest method. Read the requirements. 12.31 .2023 Requirement 3. Journalize the following transactions. (Record debits first, then credits. Exclude explanations from all journal entries.) a. Record the issuance of the bonds on December 31,2021 . Credit Convertble Bonds Payable. (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 interest rate is 6%. Lugaboo amortizes bond discounts using the effective-interest method. Read the requirements. 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 rale is 6%. Lugaboo amortizes bond discounts using the elfective-interest method. Read the reguifements. c. Record the payment of interest and amortization of the bonds on December 31, 2022. (Round your answers to the neacest whole dollar.) d. Record the conversion by the bongholders on July 1. 2023, of bonds with a total face value of $400,000 inte 70,000 shares of Lugaboo's $1-par common stock. (Round your answers to the nearest whole doliar.) Joumal Entry 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 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 dollar.) Requirement 4. Show how Lugaboo would report the remaining bonds payable on its balance sheet at December 31, 2023. (Caiculate the discount by multipling the discount calculated in the oriainal amorization table bw the fraction of bonds remainino. Round vour answers to the noarest whole dollar, On December 31,2021 , Lugaboo Corporation issues 5%, 10 -year convertible bonds payable with a face value of $1,000,000. The semlannual 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 requirements. Requirement 4, Show how Lugaboo would report the remaining bonds payable on its balance sheet at December 31 . 2023. (Calculate the discount by multiphing the discount calculated in the original amortization table by the fraction of bonds remaling. Round your answers to the nearest whole dollar.)