FORMULA NEEDED: please help me with the wrong answers in red. A c D H 1 Function:
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FORMULA NEEDED: please help me with the wrong answers in red. 
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A c D H 1 Function: PMT; Formula: Subtract, Multiply; Cell referencing 2 3 Using Excel to Calculate Loan Payments PROBLEM 5 Jenseng Inc. issues a 10-year mortgage loan on December 31, 2022 with the 6 following information: Mortgage loan amount $ 800,000 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use the PMT function with cell references in part a to the Problem area. Input cell references in parts b and c. In part c, use mathematical formulas with cell references to the Problem area to calculate both debit amounts, and a cell reference to the Cash amount you calculated in part a Annual interest rate 10% 10 Loan term in years 10 11 Annual installment payment $ 130,196 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 a Verify the annual mortgage payment amount using Excel's PMT function. Verification of payment using PMT $130.196 b. Record the journal entry for mortgage loan on December 31, 2022. Date 12/31/22 Cash Mortgage Payable Debit Credit 800,000 00.000 e. Record the journal entry for the first installment payment on December 31, 2023 Datel 12/31/23 Interest Expense Mortgage Payable Cash Debit Credit 1000 00396) 11(1301961 A c D H 1 Function: PMT; Formula: Subtract, Multiply; Cell referencing 2 3 Using Excel to Calculate Loan Payments PROBLEM 5 Jenseng Inc. issues a 10-year mortgage loan on December 31, 2022 with the 6 following information: Mortgage loan amount $ 800,000 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use the PMT function with cell references in part a to the Problem area. Input cell references in parts b and c. In part c, use mathematical formulas with cell references to the Problem area to calculate both debit amounts, and a cell reference to the Cash amount you calculated in part a Annual interest rate 10% 10 Loan term in years 10 11 Annual installment payment $ 130,196 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 a Verify the annual mortgage payment amount using Excel's PMT function. Verification of payment using PMT $130.196 b. Record the journal entry for mortgage loan on December 31, 2022. Date 12/31/22 Cash Mortgage Payable Debit Credit 800,000 00.000 e. Record the journal entry for the first installment payment on December 31, 2023 Datel 12/31/23 Interest Expense Mortgage Payable Cash Debit Credit 1000 00396) 11(1301961
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