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Debt General Bonds Lease Bonds Revenue Bonds Loans Capital Leases Total Highest Debt Lowest Debt Average Debt City Debt April 65,300 $ 110,561 $ 30,787 $ 72,107 119,358 30,299 65,206 111,685 25,077 72,008 113,065 72,560 117,220 77,015 115,695 75,206 $ 655,940 $ 392,530 $ 351,636 $ 570,364 $233,929 $ January $ 107,300 $ 166,260 111,625 153,535 February 71,930 $ 75,750 75,250 80,250 89,350 March May June First Half Total Percent of Debt Total Debt 25,830 $ 25,962 27,605 28,606 30,615 138,618 $ 411,708 489,736 416,448 520,024 505,101 2,343,017

Debt General Bonds Lease Bonds Revenue Bonds Loans Capital Leases Total Highest Debt Lowest Debt Average Debt City Debt April 65,300 $ 110,561 $ 30,787 $ 72,107 119,358 30,299 65,206 111,685 25,077 72,008 113,065 72,560 117,220 77,015 115,695 75,206 $ 655,940 $ 392,530 $ 351,636 $ 570,364 $233,929 $ January $ 107,300 $ 166,260 111,625 153,535 February 71,930 $ 75,750 75,250 80,250 89,350 March May June First Half Total Percent of Debt Total Debt 25,830 $ 25,962 27,605 28,606 30,615 138,618 $ 411,708 489,736 416,448 520,024 505,101 2,343,017

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In cell I3, enter a formula that calculates the First Half Debt for General Bonds as a Percent of the Total Debt. In the formula, refer to H8 as an absolute cell reference.

I just need formula to get an answer. Please see the second image for final result.

File Home Insert Draw Page Layout 13 1 Undo A Paste Clipboard Debt 2 3 General Bonds 4 Lease Bonds 5 Revenue Bonds 6 Loans 7 Capital Leases 8 Total 9 10 Highest Debt 11 Lowest Debt 12 Average Debt 13 5 Garamond B I U v X ✓ fx B Font с 11 Formulas Data Review View A^ A D 5 March = Alignment Help F E City Debt January February April May $ 107,300 $ 71,930 $ 65,300 $ 110,561 $ 30,787 $ 25,830 $ 411,708 166,260 75,750 72,107 119,358 30,299 25,962 489,736 111,625 75,250 65,206 111,685 25,077 27,605 416,448 153,535 80,250 72,008 113,065 72,560 28,606 520,024 117,220 89,350 77,015 115,695 75,206 30,615 505,101 $ 655,940 $ 392,530 $ 351,636 $ 570,364 $ 233,929 $ 138,618 $ 2,343,017 Custom June ←0 .00 % 9 .00 →.0 Number H 5 I Conditional Fo Formatting T Sty First Half Total Percent of Debt Total Debt
Transcribed Image Text:File Home Insert Draw Page Layout 13 1 Undo A Paste Clipboard Debt 2 3 General Bonds 4 Lease Bonds 5 Revenue Bonds 6 Loans 7 Capital Leases 8 Total 9 10 Highest Debt 11 Lowest Debt 12 Average Debt 13 5 Garamond B I U v X ✓ fx B Font с 11 Formulas Data Review View A^ A D 5 March = Alignment Help F E City Debt January February April May $ 107,300 $ 71,930 $ 65,300 $ 110,561 $ 30,787 $ 25,830 $ 411,708 166,260 75,750 72,107 119,358 30,299 25,962 489,736 111,625 75,250 65,206 111,685 25,077 27,605 416,448 153,535 80,250 72,008 113,065 72,560 28,606 520,024 117,220 89,350 77,015 115,695 75,206 30,615 505,101 $ 655,940 $ 392,530 $ 351,636 $ 570,364 $ 233,929 $ 138,618 $ 2,343,017 Custom June ←0 .00 % 9 .00 →.0 Number H 5 I Conditional Fo Formatting T Sty First Half Total Percent of Debt Total Debt
Debt General Bonds Lease Bonds Revenue Bonds Loans Capital Leases Total Highest Debt Lowest Debt Average Debt January Aspen Falls Debt City Debt February March $ 166.260 $ 89,350 $ 71,930 $ $ 107,300 $ $ 131,188 $ 78,506 $ April 77,015 $ 65,206 $ 70,327 $ May June $ 107,300 $ 71,930 $ 65,300 $ 110,561 $ 30,787 $ 25,830 $ 411,708 166,260 75,750 72,107 119,358 30.299 25,962 489,736 111,625 75,250 65,206 111,685 25,077 27,605 416,448 153,535 80,250 72,008 113,065 72,560 28,606 520,024 117,220 89,350 77,015 115,695 75,206 30,615 505,101 $ 655,940 $ 392,530 $ 351,636 $ 570,364 $ 233,929 $ 138,618 $ 2,343,017 First Half Total Debt 119,358 $ 75,206 $ 30,615 110,561 $ 25,077 $25,830 114,073 $ 46,786 $ 27,724 Percent of Total Debt 17.6% 20.9% 17.8% 22.2% 21.6%
Transcribed Image Text:Debt General Bonds Lease Bonds Revenue Bonds Loans Capital Leases Total Highest Debt Lowest Debt Average Debt January Aspen Falls Debt City Debt February March $ 166.260 $ 89,350 $ 71,930 $ $ 107,300 $ $ 131,188 $ 78,506 $ April 77,015 $ 65,206 $ 70,327 $ May June $ 107,300 $ 71,930 $ 65,300 $ 110,561 $ 30,787 $ 25,830 $ 411,708 166,260 75,750 72,107 119,358 30.299 25,962 489,736 111,625 75,250 65,206 111,685 25,077 27,605 416,448 153,535 80,250 72,008 113,065 72,560 28,606 520,024 117,220 89,350 77,015 115,695 75,206 30,615 505,101 $ 655,940 $ 392,530 $ 351,636 $ 570,364 $ 233,929 $ 138,618 $ 2,343,017 First Half Total Debt 119,358 $ 75,206 $ 30,615 110,561 $ 25,077 $25,830 114,073 $ 46,786 $ 27,724 Percent of Total Debt 17.6% 20.9% 17.8% 22.2% 21.6%
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