P9-60B (similar to) Question Help On December 31, 2018, Tugaboo Corporation issues 6% 10-year convertible bonds payable with a face value of $3,500,000 The semiannual interest dates are June 30 and December 31. The market interest rate is 7%. Tugaboo 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 $ Enter any number in the edit fields and then click Check Answer. 10 parts 1 Check Answer Clear All remaining o e a co 9 P9-60B (similar to) Question Help On December 31, 2018, Tugaboo Corporation issues 6%, 10-year convertible bonds payable with a face value of $3,500,000 The semiannual interest dates are June 30 and December 31. The market interest rate is 7%. Tugaboo amortizes bond discounts Usine the effective interest method i Requirements x Jour answer to the nearest 1. 2. Use the PV function in Excel to calculate the issue price of the bonds Prepare an effective-interest method amortization table for the first four semiannual interest periods Journalize the following transactions a. Issuance of the bonds on December 31, 2018. Credit Convertible Bonds Payable. b. Payment of interest and amortization of the bond discount on June 30, 2019 c. Payment of interest and amortization of the bond discount on December 31, 2019. d. Conversion by the bondholders on July 1, 2020, of bonds with a total face value of $1,400,000 into 60.000 shares of Tugaboo's $1-par common stock Show how Tugaboo would report the remaining bonds payable on its balance sheet at December 31, 2020 Check