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I need help in this accounting work. Please do it in excel and do it 100%. Please show the formulas and everything so i can

I need help in this accounting work. Please do it in excel and do it 100%. Please show the formulas and everything so i can easily understand the question and can solve it

Please must follow all the instructions as these are very important.

Identification number: (AAA:132)-(BB:24)-(CCC:6810)---------------> Please use these numbers in a way that i can change these numbers if i need... Please must show formulas of excel

ACC 302 Bonds Project -

Principal Amount of bonds

600000

Stated interest rate:

0.07

Effective (market) interest rate:

0.06

Number of interest periods:

9

Price Computation:

PV of Principal [ use PV function]

355139

PV of interest payments [use PV function]

285671

640810

Time

Cash

Interest

Amort.

Carrying Value

Period

Expense

of Bonds

0

640810

1

42000

38449

3551

637259

2

42000

38236

3764

633494

3

42000

38010

3990

629504

4

42000

37770

4230

625274

5

42000

37516

4484

620791

6

42000

37247

4753

616038

7

42000

36962

5038

611000

8

42000

36660

5340

605660

9

42000

36340

5660

600000

10

0

0

0

0

Required: (wherever the letters AAA, BB, CCCC appear, you are to

use the first 3, the 4th & 5th, or the last 4 digits of your assigned

identification number, respectively) Use Cell References /Formulas

1. Replicate the above spreadsheet, print the cell formulas.

Ctrl + ` to show and print formulas.

Use If function to stop the calculations, based on the number of

interest periods. Example: =IF(B16>$F$6,0,"your formula")

2. Change the number of periods to 2 and change the effective

interest rate to 6.BB%. Print the spreadsheet. Write (or type) the journal

entries at the bottom. You should have 3 journal entries,

1 for the bond issuance, and 2 interest payments.

3. Change the stated interest rate to 5.CCCC%. Print the

spreadsheet. Write (or type) the 3 journal entries at the bottom.

4. Change the number of periods to 8, change the principal amount

to $AAA,BBC,CCC. (hint: you will need to widen your columns)

Print the spreadsheet. No need to do JEs, there would be 9.

This is in picture form..

image text in transcribed

Principal Amount of bonds Stated interest rate: Effective (market) interest rate: Number of interest periods: Price Computation: PV of Principal [ use PV function] PV of interest payments [use PV function] 600000 0.07 0.06 355139 285671 640810 Cash Amort. Carrying Value Time Period 0 Interest Expense of Bonds 640810 637259 633494 629504 625274 620791 616038 611000 605660 3551 3764 3990 4230 42000 42000 42000 42000 42000 42000 42000 42000 42000 0 38449 38236 38010 37770 37516 37247 36962 36660 36340 0 6 4753 5038 5340 5660 0 10 Required: (wherever the letters AAA, BB, CCCC appear, you are to use the first 3, the 4th & 5th, or the last 4 digits of your assigned identification number, respectively) Use Cell References/Formulas 1. Replicate the above spreadsheet, print the cell formulas Ctrl+to show and print formulas. Use If function to stop the calculations, based on the number of interest periods. Example: IF(B16 SFS6,0,"your formula" 2. Change the number of periods to 2 and change the effective 0 Principal Amount of bonds Stated interest rate: Effective (market) interest rate: Number of interest periods: Price Computation: PV of Principal [ use PV function] PV of interest payments [use PV function] 600000 0.07 0.06 355139 285671 640810 Cash Amort. Carrying Value Time Period 0 Interest Expense of Bonds 640810 637259 633494 629504 625274 620791 616038 611000 605660 3551 3764 3990 4230 42000 42000 42000 42000 42000 42000 42000 42000 42000 0 38449 38236 38010 37770 37516 37247 36962 36660 36340 0 6 4753 5038 5340 5660 0 10 Required: (wherever the letters AAA, BB, CCCC appear, you are to use the first 3, the 4th & 5th, or the last 4 digits of your assigned identification number, respectively) Use Cell References/Formulas 1. Replicate the above spreadsheet, print the cell formulas Ctrl+to show and print formulas. Use If function to stop the calculations, based on the number of interest periods. Example: IF(B16 SFS6,0,"your formula" 2. Change the number of periods to 2 and change the effective 0

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