Explain how to find the pmt please.

elements that have a value of zero, please enter a "0" in the formula.) (3) Fill out the journal entries. Round all dollar amounts to the nearest whole dollar. On January 1, 2018, Watch Works Incorporated (WWI) issued $76,000 par value, 16%, five-year bonds that mature on December 31, 2022. WWI will pay interest semiannually on June 30 and December 31. On the date WWI issued the bonds, the market rate of interest was 14%. The company's fiscal year ends on December 31. What is the issue price of this bond? Which of the following financial statement items impacted in this transaction? Bonds Payable The problem is solving for: Present Value The calculation involves: Single Sum & Ordinary Annuity EXCEL Excel Formula PV ( Rate Nper Pmt FV Variables PV ( 0.07 10 -76000 ) Total Journalize the issuance of the bonds payable. January 1, 2018 Debit Accounts Credit cash Premium on Bonds Payable bonds payable