This is an excel file that I need help with. I would appreciate it if I see can what formulas were used to get the answers. Thank you! The Jordan Morris Company iss ues 8%, 3-year bonds with a par value of $440,000 and semiannual3interest payments. On the issue date, the annual market rate for these bonds is 7%. Enter a validExcel formula or function in each of the yellow cells below. Formulas must refer to cells addresses.Entering a value will be marked as incorrect4Par Value$440,000Term (years)Annual market %7%8%1011Annual contract %12Payments per year2131415What is the amount of each semiannual interest payment?16171819 Complete the amortization schedule for these bonds. Make sure all formulas return positive values.CarryingValue20SemiannualCash InterestUnamortizedPremiumBond InterestPremiumAmortiz ation21Interest PeriodPaidExpense220.23242.253.26275.282930313233Totals$0.00$0.00$0.003435363738394041

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The Jordah Moris Company issues 8%, 3-year bonds with a par value of $440,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 7%. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cells addresses. Entering a value will be marked as incorrect Par Value $440,000 Term (years) Annual market % 7% 8% Annual contract % Payments per year 2 What is the amount of each semiannual interest payment?

The Jordah Moris Company issues 8%, 3-year bonds with a par value of $440,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 7%. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cells addresses. Entering a value will be marked as incorrect Par Value $440,000 Term (years) Annual market % 7% 8% Annual contract % Payments per year 2 What is the amount of each semiannual interest payment?

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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