Question: Show work using excel please! Landmark Inc. borrowed $ 1 3 , 8 0 0 on December 1 6 , 2 0 2 3 .

Show work using excel please!
Landmark Inc. borrowed $13,800 on December 16,2023. The annualized interest rate is 8%. The
interest will be paid along with principal repayment in 90 days (March 16,2024).
Fill in the financial statements effect template for the entry Landmark makes on December 16:
Fill in the financial statements effect template for the entry Landmark makes on December 31
when they close their books for the quarter. Hint: this is an adjusting entry to account for the
interest incurred over the 15 days the loan has been outstanding.
Fill in the financial statements effect template for entry Landmark makes on March 16 when they
pay the full amount off (both the principal of the loan and the interest incurred). Assume they did
NOT make any adjusting monthly entries in January and February.
Show work using excel please! Landmark Inc.

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