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yleteibemmi SoS b 3. On January 1, 2019 Willows Corporation issued $20 million of 5% coupon, convertible bonds at 102. The bonds pay interest on

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yleteibemmi SoS b 3. On January 1, 2019 Willows Corporation issued $20 million of 5% coupon, convertible bonds at 102. The bonds pay interest on June 30 and December 31** and mature in 10 years. Each $1,000 bond is convertible into 25 shares of Willow's no par common stock. Bonds that are similar in all respects, except that they are nonconvertible, were currently trading at 99. (that is, 99% of face value) a. Prepare the journal entry to record the issuance of these bonds. (Assume Willows prepares its financial statements under US GAAP). SAAD Cashiani 2t brustaqre wol02 Millions na zbrod szedi le conventible bonds payable 9910 20 Million or no 5761299 visto on 9m 40.los I y sundt Gemium on bonds payable zbrod 82 Million b. Solve for the effective interest rate on these bonds. (Hint: You know PV, Pmt, FV and N; you can solve for 1). You can round this interest rate to 2 decimal places. c. Using the effective rate from b, prepare an amortization table that covers the first four coupon payments related to these bonds. d. On January 1, 2021, immediately after the fourth coupon payment, 10% of the bondholders elected to convert their bonds to common 19dmised stock. Prepare the journal entry for this conversion. SUNOD 297502 as ofni oldinievogal brod 000 21634 OL om brote 201900tlis slimia 916 or abroa 2012 nomio 16 on Wolliw to 21 357) eets gribs y nou 919 aldinevnomon 915 vertor 1999 (ulov 96 to see brod za to buzz or bro3910 ying Isoj 90 9159919.5 (SAAD 20 vbrunesti sibnsnit 21 29160919 2wolli 9muz2A) e. Extra Credit: If Willow's reported under IFRS instead of US GAAP, prepare the journal entry for the original issuance of these bonds on January 1, 2019, and compute the effective interest rate on the bonds. won oy siH)2bnod z9d no 16112919 ni ovitosti o ovoz 1200 il buono voy ( 10 vloans oy:n Vam9.9 2005 Ismissb S OJ 9351 or olds noltssihomsns 9160919.d mort 915 videtta ori gniau abriod sort of bodo namysg noquo vol zit er novos

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