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1. Record journal entries for monthly interest for the Earnout obligation. Beg Balance Interest Accretion Principal Payment Ending Balance Date $ 4,450,638.00 $ - $
1. Record journal entries for monthly interest for the Earnout obligation.
| Beg Balance | Interest Accretion | Principal Payment | Ending Balance | Date |
| $ 4,450,638.00 | $ - | $ - | $ 4,450,638.00 | December 23rd, 2021 |
| $ 4,450,638.00 | $ 4,884.00 | $ - | $ 4,455,522.00 | December 31st, 2021 |
| $ 4,455,522.00 | $ 20,956.00 | $ - | $ 4,476,478.00 | January, 2022 |
| $ 4,476,478.00 | $ 21,054.00 | $ - | $ 4,497,532.00 | February, 2022 |
| $ 4,497,532.00 | $ 21,153.00 | $ - | $ 4,518,685.00 | March, 2022 |
| $ 4,518,685.00 | $ 21,253.00 | $ - | $ 4,539,938.00 | April, 2022 |
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Modern Auditing
Authors: William C. Boynton, Walter G. Kell, Raymond N. Johnson, Dr William Boynton
7th Edition
047118909X, 978-0471189091
