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Requirement 2: Calculate interest Recorded on December 31, 2024 and April 1, 2025 (Use cells A2 to 87 from the given information above to complete
Requirement 2: Calculate interest Recorded on December 31, 2024 and April 1, 2025 (Use cells A2 to 87 from the given information above to complete this question. Hint: in cells C29 and C30, 1 calculate the number of months in the year. For example, in cell 029 , calculate the number of months betwi 829 (year end) using =YEARFRAC(A29, 829)*12. Then, in your formulas for interest expense (cells D29 and t references to the number of monthis: Requirement 3: Journal Entry for interest Accrued on December 31, 2024 (Use cells A2 to 87 from the given information above to complete this question.) Requirement 4: Journal Entry for Repayment of Note on April 1,2025 (Use cells A2 to 87 from the given information above to complete this question.)
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