Assume the authors of a popular introductory accounting

text have #2829

Assume the authors of a popular introductory accounting text have hired you to create
spreadsheets that will calculate bond discount amortization schedules like those shown in this
chapter. As usual, you e-mail your friend Owen for some guidance. Much to your
disappointment, you receive an auto-reply message from Owen indicating that he’s gone skiing
in New Zealand. After a bit of panicking, you realize you can refer to Owen’s previous e-mail
messages for spreadsheet advice that will help you complete this task. From his advice for
Chapter 9, you decide to create a data input section for the stated interest rate, market interest
rate, face value, issue price, and years to maturity. The spreadsheet file also will have a
separate amortization schedule worksheet that contains only formulas, references to the cells in
the data input section, and references to other cells in the amortization schedule. All amounts
will be rounded to the nearest dollar (using the Round function in Excel), which means the
discount amortization in the final year might be off a few dollars (unless you use the IF function
in Excel to eliminate any remaining discount in the final year of the bond’s life, in the same way
that Owen showed in Chapter 9 for declining-balance depreciation).Required:Prepare a
worksheet that uses formulas to reproduce the straight-line bond discount amortization schedule
shown in Chapter Supplement 10 A. Display both the completed spreadsheet and a “formulas
revealed” (Ctrl ~) version of it.View Solution:
Assume the authors of a popular introductory accounting text have

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