please help keep getting wrong answers in blue For each case, provide the missing information. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.) For each case, provide the missing information. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.) Item Case 1 Case 2 Case 3 Notes receivable, face value $ 900,000 $ 1,000,000 $ 2,000,000 Initial carrying value $ 746,756 $ 901,819 $1,800,000 Market rate 10% 8% 12.83% Stated rate 8% 7% 10% Term of bonds (in years) 20 20 5 Note receivable discount (153,244) 98,181 200,000 Interest income over the note's term 1,593,244 1,498,165 1,200,000

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter20: Activity-based Costing (abc)
Section: Chapter Questions
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please help keep getting wrong answers in blue For each case, provide the missing information. (Always use cell
references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will
be marked wrong.)
Transcribed Image Text:please help keep getting wrong answers in blue For each case, provide the missing information. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.)
For each case, provide the missing information.
(Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab
you will be marked wrong.)
Item
Case 1
Case 2
Case 3
Notes receivable, face value
$
900,000 $
1,000,000 $ 2,000,000
Initial carrying value
$
746,756 $
901,819 $1,800,000
Market rate
10%
8%
12.83%
Stated rate
8%
7%
10%
Term of bonds (in years)
20
20
5
Note receivable discount
(153,244)
98,181
200,000
Interest income over the note's term
1,593,244
1,498,165
1,200,000
Transcribed Image Text:For each case, provide the missing information. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.) Item Case 1 Case 2 Case 3 Notes receivable, face value $ 900,000 $ 1,000,000 $ 2,000,000 Initial carrying value $ 746,756 $ 901,819 $1,800,000 Market rate 10% 8% 12.83% Stated rate 8% 7% 10% Term of bonds (in years) 20 20 5 Note receivable discount (153,244) 98,181 200,000 Interest income over the note's term 1,593,244 1,498,165 1,200,000
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