questions that follow. Loan amount Annual interest rate Number of years Date Required: 1. Use your spreadsheet to recalculate the amortization table amounts and enter your revised results for the years indicated. Assume the bonds were issued on January 1 (Round your answers to 2 decimal places.) Carrying Value December 31, 2021 December 31, 2022 December 31, 2023 December 31, 2024 $450,000 Cash Paid 8X
Journal entry worksheet < 2 Record the issuance of the 8% note for $450,000. 3 Note: Enter debits before credits. Date January 01, 2021 Cash Record entry General Journal Bonds Payable Clear entry Debit Credit > View general journal
Journal entry worksheet < 2 Record the payment of the first installment. Date Note: Enter debits before credits. 3 December 31, 2021 Record entry General Journal Clear entry Debit Credit View general journal
Journal entry worksheet < 2 Record the payment of the second installment. 3 Note: Enter debits before credits. Date December 31, 2022 Record entry General Journal Clear entry Debit Credit View general journal
Revise your worksheet to reflect these updated assumptions and then answer the Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Loan amount Annual
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