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pls show step by step! 10-Year Bond - Issued by World Wide Inc. on 1/1/2014. Note: The company year end is December 31 . Required
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10-Year Bond - Issued by World Wide Inc. on 1/1/2014. Note: The company year end is December 31 . Required - EXCEL - 10 points 1. Recreate the above schedule in EXCEL (you must use formulas and other related EXCEL functions). HELPFUL HINT The Stated interest Rate is 11% and the Effective Interest Rate is 12% (also don't worry about being off a few dollars from the above when you create your own EXCEL file). Note: Do not simply input the above dollar amounts into EXCEL, simply inputting the dollar amounts to agree with the above will receive 0 points. Questions - 2 points/each 1. Were the above bonds issued at a discount or premium? Explain how you were able to make this determination. 2. Is the above amortization schedule based on straight-line or effective-interest method? How did you determine which method? 3. Determine the stated interest rate and the effective-interest rate. 4. Prepare the journal entry to record the issuance of the bonds on January 1, 2014. 5. Prepare the journal entry (or entries) to reflect the bond transactions and accruals for 2014 (interest is paid on January 1) Step by Step Solution
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