On September 30, 2020, Blossom Inc. issued $3,400,000 of 10-year, 7% convertible bonds for $3,900,000. The bonds pay interest on March 31 and September 30 and mature on September 30, 2030. 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 $13. Immediately after the bond issuance, the warrants traded at $2.80 each. Without the warrants and the conversion rights, the bonds would have been expected to sell for $3,590,000. On March 23, 2023, half of the warrants were exercised. The common shares of Blossom Inc. were trading at $20 each on this day. Immediately after the payment of interest on the bonds, on September 30, 2025, all bonds outstanding were converted into common shares. Assume the entity follows IFRS. Prepare the journal entry to record the issuance of the bonds on September 30, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit September 30, 2020 una Using (1) a financial calculator or (2) Excel functions, calculate the effective rate (yield rate) for the bonds. (Round answer to 4 decimal places, e.g. 5.2500%.) sorta distance en tanto, lose beleid ons in de bene, and move Semi-annual effective rate % Prepare a bond amortization schedule from September 30, 2020, to September 30, 2025, using the effective interest rate. (Round answers to 0 decimal places, e.g. 5,275.) Schedule of Bond Premium Amortization Effective Interest Method Effective Premium Interest Amortized Cash Paid Carrying Amount Date Sept. 30, 2020 Mar. 31, 2021 Sept. 30, 2021 Mar. 31, 2022 Sept. 30, 2022 Mar. 31, 2023 Sept. 30, 2023 Mar. 31, 2024 Sept. 30, 2024 Mar. 31, 2025 Sept. 30, 2025