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formulas needed in excel to solve problem 2? C ULORI...

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Accounting

formulas needed in excel to solve problem 2?
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C ULORI SCs that the elective interest expense on the bond G H 3 Given Data: 5 On February 1, 2016, Alex Company issued 9% bonds, dated February 1, with a face amount of $80 million. 6 The bonds mature on January 31, 2020 (4 years). The market yield for bonds of similar risk and maturity was 10%. 7 Interest is paid semiannually on July 31 and Jamary 31. 8 The fiscal years of both firms end December 31. 10 11 12 13 14 Required: Times New - 12 1. Determine the price of the bonds issued on February 1, 2016. BIAAA 2. Prepare amortization schedules that the effective interest expense on the bond 3. Prepare the journal entries to record the issuance of the bonds by Alex Comphay February 1, 2016, 4. Prepare the journal entries to record all subsequent events related to the bonds through January 31, 2018. 16 Alex Co. $ 80,000,000 20 Bond issue by Alex Co. 21 Bond issue (years) 22 Bond issue interest rate 23 Market annual yold 10% Given Data Problem Template Present value (price) of the bonds Requirement 2: Alex Company Amortization Schedule Cash Payment Effective Interest Increase in Balance Outstanding Balance a *rounded Requirement 3: General Journal coin

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