On December 31, 2014, Barker Inc. provided consulting services to Carr Company at an agreed...
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On December 31, 2014, Barker Inc. provided consulting services to Carr Company at an agreed price of $408,004.35. Barker accepted $40,000 down and agreed to accept the balance in five equal installments of $50,000 to be received each June 30^th and December 31^st, beginning June, 2015. An assumed interest rate of 12% is imputed. Using Excel, prepare the amortization schedule and then record all required journal entries that would be made by Barker on the following dates (a) December 31, 2014: (b) June 30, 2015: (c) December 31, 2015: (d) June 30, 2016: (e) December 31, 2016: (f) June 30, 2017: (g) December 31, 2017: (h) June 30, 2018: (i) December 31, 2018: (j) June 30, 2019: and (k) December 31, 2019. You will be assessed on the following skills (1) correct data entered, (2) correct and accessible formulas, (3) column headings and labels, (4) titles merged and centered, and (5) spreadsheet formatting and printing
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