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Function: PV; Formula: Subtract; Cell Referencing Using Excel to Account for a Zero-Interest Bearing Note PROBLEM Garcia Corporation purchased a truck by issuing a

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Function: PV; Formula: Subtract; Cell Referencing Using Excel to Account for a Zero-Interest Bearing Note PROBLEM Garcia Corporation purchased a truck by issuing a zero-interest- bearing note to Equinox Inc. Information concerning the note follows. Face value of note Market rate of interest for similar obligations Term of note in years $ 80,000 10% 4 Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. Prepare the journal entry to record the purchase of this truck. List the Trucks account first in the entry. DR CR

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