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I would greatly appreciate assistance with this multi step problem! Thank you in advance! apter 10 Excel Problem- Excel HOME INSERT PAGE LAYOUT FORMULAS DATA

I would greatly appreciate assistance with this multi step problem! Thank you in advance! image text in transcribed
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apter 10 Excel Problem- Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VEw Calibri ?? Copy Format Painter I Conditional format as Cell Insert Delete Formatting Table Styles B 1 u-B-1s . A . n!ft+z g Merge & Center , $ .% , ., Number Cells Font On July 1, 2019, Witherspoon Satellites issued S4,500,000, 9%, 10-year bonds at S4,219,600. This price resulted in an effective-interest rate of 10% on the bonds. Witherspoon uses the effective interest method to amortize bond premium or discount. The bonds pay semiannual interest July 1 and Januray 1. Instructions (Round all computations to the nearest dollar.) 1(a) Prepare the journal entry to record the issuance of the bonds on July 1, 2019 2(b) Prepare an amortization table through December 31, 2020 (3 interest periods) for this bond issue. of the discount on December 31, 2019. of the discount on luly 1, 2020, assuming that interest was not accrued on June 30 4 (c) Prepare the journal entry to record the accrual of interest and the amortization (d) Prepare the journal entry to record the payment of interest and the amortization 6 18 (e) Prepare the journal entry to record the accrual of interest and the amortization of 19 the discount on December 31, 2020. o |NOTE: Enter either a number or a formula in the Yellow cells. 23 5 (a) 2019

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