Question: please help explain is EXCEL formula and not caluculator please show the work On January 1, 2000, Clearwater Corporation sold bonds with a face value

please help explain is EXCEL formula and not caluculator please show the work

please help explain is EXCEL formula and not caluculator please show the

On January 1, 2000, Clearwater Corporation sold bonds with a face value of $750,000 and a coupon rate of 8%. The bonds mature in ten years and pay interest annually every December 31. Clearwater uses the straight-line amortization method. Assume an annual market rate of interest of 9%. (80 POINTS) Required: a. Provide the journal entry to record the issuance of the bonds b. Provide a journal entry to record the interest payment on December 31 of this year. c. What bonds payable will Clearwater report on December 31, 2003 Balance Sheet

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