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On September 3 0 , 2 0 2 3 , ?Cullumber Inc. issued $ 3 , 1 2 0 , 0 0 0 ?of

On September 30, 2023, ?Cullumber Inc. issued $3,120,000 ?of 10-year, 8% ?convertible bonds for $3.494,400. ?The bonds pay interest on March 31 ?and September 30 ?and mature on Lo September 30, 2033. ?Each $1,000 ?bond can be converted into 80 ?no par value common shares. In addition, each bond included 20 ?detachable warrants. Each warrant can be used to purchase one common share at an exercise price of $15. ?Immediately after the bond issuance, the warrants traded at $3 ?each. Without the warrants and the conversion rights, the bonds would have been expected to sell for $3,182,400. ?On March 23, 2026, ?half of the warrants were exercised. The common shares of Cullumber were trading at $20 ?each on this day. Immediately after the payment of interest on the bonds, on September 30, 2028, ?all bonds outstanding were converted into common shares. Assume the entity follows IFRS.

Prepare a bond amortization schedule from September 30, 2023, ?to September 30, 2028, ?using the effective interest rate of 3.8547%.Prepare a bond amortization schedule from September 30, 2023, ?to September 30, 2028, ?using the effective interest rate.


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Prepare a bond amortization schedule from September 30, 2023, to September 30, 2028, using the effective interest rate. (Round answers to O decimal places, e.g. 5,275.) Cash Paid Schedule of Bond Premium Amortization Effective Interest Method Effective Interest Premium Amortized $ Carrying Amount 3,494,400 $ 124,800 $ 124,800 124,800 +A $ -55,257 3,663,452 70,608 -54,192 3,717,644 124,800 71,652 -53,148 3,770,792 124,800 72,676 -52,124 3,822,916 124,800 73,681 -51,119 3,874,035 124,800 74,666 -50,134 3,924,168 124,800 75,632 -49,168 3,973,336 124,800 76,580 -48,220 4,021,556 124,800 77,509 776,756 3,120,000

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