Question: Answer with formulas please for better understanding On December 31, 2012, Barker Inc. provided consulting services to Carr Company at an agreed price of $403,005.
On December 31, 2012, Barker Inc. provided consulting services to Carr Company at an agreed price of $403,005. Barker accepted S35,000.50 down and agreed to accept the balance in ten equal instalments of $50,000 to be received each December 31, beginning December 31, 2013. An assumed interest rate of 6% is imputed. Instructions: Using Excel, prepare the amortization schedule and then record all required journal entries that would be made by Barker on the following dates (a) December 31, 2012; (b) December 31, 2013; (c) December 31, 2014; (d) December 31, 2015; (e) December 31, 2016; (g) December 31, 2017; (g) December 31, 2018; (h) December 31, 2019; (i) December 31, 2020; (j) December 31, 2021; and (k) December 31, 2022. You will be assessed on the following skills (1) correct data entered, (2) correct and accessible formulas, (3) column headings and labels, (4) titles merged and centered, and (5) spreadsheet formatting and printing
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