Elston company issued $500,000 of eight percent, 20-year bonds at 106 on january 1, 2010. interest is payable semiannually on july 1 and january 1. through january 1, 2016, elston amortized $5,000 of the bond premium. on january 1, 2016, elston retired the bonds at 103 (after making the interest payment on that date). prepare the journal entry to record the bond retirement on january 1, 2016.

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding