(Answered) Question - on december 31 2012 laraboo corp issues 11

Accounting

Question - On December 31, 2012, Laraboo Corp. issues 11%, 10-year convertible bonds payable with a maturity value of $4,000,000. The semi-annual interest rate is 12%, and the issue price of the bonds is 94.265. Laraboo Corp. amortizes bonds by the effective e-interest rate method.

Requirements: Prepare an effective method amortization table for the first four semi-annual interest periods.

Note: Show in table (B). Interest expense 6% of preceding bond carrying amount how you got the figures for each interest period.

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