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Debt Restructuring
Scofield Enterprises has a customer who purchased a software system for $10,000 and arranged to pay for the system over 60 months in an equal payment note. The owner of Scofield Enterprises sat down with your boss this week when she realized that the customer wasn't going to make his next payment. Their conversation is available atACCT 3310 Professional Application: Part 2provided below in this folder.
REQUIRED:
NOTE: Each piece of numerical information should be entered into the workbook just once. You should use cell addresses in all subsequent formulas -- even to bring information from one worksheet to the next. Your workbook should be sufficiently integrated that a change to the number in the new debt contract will flow through to the final amortization table without your having to make any additional adjustments
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