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I need help! I currently do not have Excel on my computer. Both charts look relatively easy but I do not have the technology at
I need help! I currently do not have Excel on my computer. Both charts look relatively easy but I do not have the "technology" at this moment. Please help!
Assignment - Chapter 14 Bond Amortization Table A company issued 10%, 10-year bonds with a par value of $1,000,000 on January 1, 2009 at a selling price of $885,295, to yield the buyers a 12% return. The company uses the effective interest amortization method. Interest is paid semiannually each June 30 and Decembe Required 1. Refer to Appendix B on page 573 and prepare an amortization table for the first two payment periods. 2. Prepare the journal entry to record the first semiannual interest payment and amortization ly each June 30 and December 31. two payment periods. Chapter 14 Notes Payable Shea issued a $100,000, 5-year, 10% note. The equal annual payments are $26,380. The note is to be paid off in five annual payments beginning December 31, 2009. Required 1.Prepare an amortization table for this note. 2. Prepare the journal entry to record the first payment of this note are $26,380Step by Step Solution
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