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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.) Mugaboo Corporation Amortization Table Discount Interest Expense Amortization Interest Payment Discount Account Balance Bond Carrying Amount Semiannual Interest Date 12-31-2018 6-30-2019 12-31-2019 | 6-30-2020 12-31-2020 | | | | 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, 2018. Credit Convertible Bonds Payable. (Round your answers to the nearest whole dollar.) Journal Entry Accounts Debit Credit Date 2018 Dec 31 b. Record the payment of interest and amortization of the bonds on June 30, 2019. (Round your answers to the nearest whole dollar.) Journal Entry Accounts Debit Credit Date 2019 Jun 30 c. Record the payment of interest and amortization of the bonds on December 31, 2019. (Round your answers to the nearest whole dollar.) Journal Entry Accounts Debit Credit Date 2019 Dec 31 d. Record the conversion by the bondholders on July 1, 2020, of bonds with a total face value of $1,400,000 into 50,000 shares of Mugaboo's $1-par common stock. (Round your answers to the nearest whole dollar.) Journal Entry Accounts Debit Credit Date 2020 Jul 1 Journal Entry Date Accounts Debit Credit 2020 Jul 1 port the remaining bonds payable on its balance sheet at December 31, 2020. (Calculate the discount by multiplying the discount calculated in the original amortization table by the fraction of bonds whole dollar.) rel Accounts payable Convertible bonds payable Current liabilities: Discount on bonds payable Premium on bonds payable 'ation Sheet 020 Less: Accounts Debit Cred 1 Requirements Date 2019 Dec 31 1. 2. 3. d. Record the conversion by the bondholders on July 1, 2020, of bonds with a total face value of he nearest whole Journal Entry Accounts Debit Cred Date 2020 Jul 1 D 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 50,000 shares of Mugaboo's $1-par common stock. Show how Mugaboo would report the remaining bonds payable on its balance sheet at December 31, 2020. CC 4. Requirement 4 Show how Mugaboo would report the remaining bonds payable on its balance s remaining. R ar.) he original amortiz Print Done Accounts payable Convertible bonds payable Current liabilities: Discount on bonds payable Premium on bonds payable Less: 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.) Mugaboo Corporation Amortization Table Discount Interest Expense Amortization Interest Payment Discount Account Balance Bond Carrying Amount Semiannual Interest Date 12-31-2018 6-30-2019 12-31-2019 | 6-30-2020 12-31-2020 | | | | 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, 2018. Credit Convertible Bonds Payable. (Round your answers to the nearest whole dollar.) Journal Entry Accounts Debit Credit Date 2018 Dec 31 b. Record the payment of interest and amortization of the bonds on June 30, 2019. (Round your answers to the nearest whole dollar.) Journal Entry Accounts Debit Credit Date 2019 Jun 30 c. Record the payment of interest and amortization of the bonds on December 31, 2019. (Round your answers to the nearest whole dollar.) Journal Entry Accounts Debit Credit Date 2019 Dec 31 d. Record the conversion by the bondholders on July 1, 2020, of bonds with a total face value of $1,400,000 into 50,000 shares of Mugaboo's $1-par common stock. (Round your answers to the nearest whole dollar.) Journal Entry Accounts Debit Credit Date 2020 Jul 1 Journal Entry Date Accounts Debit Credit 2020 Jul 1 port the remaining bonds payable on its balance sheet at December 31, 2020. (Calculate the discount by multiplying the discount calculated in the original amortization table by the fraction of bonds whole dollar.) rel Accounts payable Convertible bonds payable Current liabilities: Discount on bonds payable Premium on bonds payable 'ation Sheet 020 Less: Accounts Debit Cred 1 Requirements Date 2019 Dec 31 1. 2. 3. d. Record the conversion by the bondholders on July 1, 2020, of bonds with a total face value of he nearest whole Journal Entry Accounts Debit Cred Date 2020 Jul 1 D 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 50,000 shares of Mugaboo's $1-par common stock. Show how Mugaboo would report the remaining bonds payable on its balance sheet at December 31, 2020. CC 4. Requirement 4 Show how Mugaboo would report the remaining bonds payable on its balance s remaining. R ar.) he original amortiz Print Done Accounts payable Convertible bonds payable Current liabilities: Discount on bonds payable Premium on bonds payable Less

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