A&G WAREHOUSERS $ Note issue Term of note issue (years) Note issue interest rate Comparison interest rate 100,000 4 5% 10% A&G WAREHOUSERS Amortization Schedule Requirement 1 Present value (price) of note: Interest Principal Presont value (price) of the noto $ Try again A&G WAREHOUSERS General Journal Debit Credit Account Equipment Discount on notes payable Notes payable Requirement 2: Amortization Schedule Dec. 31 Cash Payment Effective Interest 10% Increase in Balance Outstanding Balance 2021 2022 2023 2024 "rounded Try again Try again Try again Requirement 3: A&G WAREHOUSERS General Journal Debit Credit Account Interest expense Discount on notes payable Cash - Try again Requirement 4: Loan Amount Multiplier Installment Payment Requirement 4: Loan Amount Multiplier Installment Payment Requirement 5: Amortization Schedule Dec. 31 Cash Interest Effective Interest 10% Decrease in Balance Outstanding Balance 2021 2022 2023 2024 rounded Requirement 6: A&G WAREHOUSERS General Journal Debit Credit Account Interest expense Notes payable Cash