Braxton Technologies, Inc, constructed a conveyor for A\&G Warehousers that was completed and ready for use on January 1,2021 . A\&G paid for the conveyor by issuing a $125,000, four-year note that specified 8% interest to be paid on December 31 of each yeal. and the note is to be repaid at the end of four years. The conveyor was custom-buitt for ABG , 50 its cash price was unknown. By comparison with similar transactions it was determined that a reasonable interest rate was 12\%. EV of S1. PV of S1. EVA of S1. PVA of \$1. FVAD of S1 and PVAD of \$1) (Use oppropriate factor(s) from the tables provided.) Required: 1. Prepare the joumal entry for A\&G's purchase of the conveyor on January 1, 2021 2. Prepare an amortization schedule for the four-year term of the note. 3. Prepare the journal entry for A\&G's third interest payment on December 31. 2023 4. If A\&G's note had been an installment note to be paid in four equal payments at the end of each year beginning December 31,2021 , what would be the amount of each instaliment? 5. By considering the installment payment of requirement 4, prepare on amortization schedule for the four-year term of the instaliment note: 6. Prepare the journal entry for A\&G's third instaliment payment on December 31, 2023. Complete this question by entering your answers in the tobs below. Prepare the journat entry for ABG's purchase of the comveyor on January 1, 2021. (1f no enty is required for a transaction event, select "No journat entry required" In the first account field. Pound intermediate calculations and final anawers to the nearest whole dolfari) Complete this question by entering your answers in the tabs below. Prepare the journal entry for A\&G's purchase of the conveyor on January 1, 2021. (If no entry is required for a transa "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest Journal entry worksheet Note: Enter debits before credits. comparison with similar transactions it was determined that a reasonable interest rate was 12%. (FV of $1, PV \$1. FVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare the journal entry for A\&G's purchase of the conveyor on January 1, 2021. 2.Prepare an amortization schedule for the four-year term of the note. 3. Prepare the journal entry for A\&G's third interest payment on December 31, 2023. 4. If A\&G's note had been an installment note to be paid in four equal payments at the end of each year begin what would be the amount of each installment? 5. By considering the installment payment of requirement 4, prepare an amortization schedule for the four-yea note. 6. Prepare the journal entry for A\&G's third installment payment on December 31,2023. Complete this question by entering your answers in the tabs below. Prepare an amortization schedule for the four-year term of the note. (Round intermediate calculations and final ansv the nearest whole dollar.) repare the journal entry for A\&G's third interest payment on December 31, 2023. (If no entry is required fo No journal entry required" in the first account field. Round intermediate calculations and final answers to the Journal entry worksheet Note: Enter debits before credits. A\&G paid for the conveyor by issuing a $125,000 for A\&G Warehousers that was completed and ready for use and the note is to be repaid at the end of four years. comparison with similar transactions it was determis. The conveyor was custom-built for A\&G, so its cash price wa \$1. FVAD of \$1 and PVAD of \$1) (Use appropriate focd that a reasonable interest rate was 12\%. (FV of \$1. PV of \$1 Required: 1. Prepare the journal entry for A\&G's purchase of the conveyor on January 1, 2021. 2.Prepare an amortization schedule for the four-year term of the note. 3. Prepare the journal entry for A\&G's third interest payment on December 31, 2023. 4. If A&G 's note had been an installment note to be paid in four equal payments at the end of each year beginning what would be the amount of each installment? 5. By considering the installment payment of requirement 4, prepare an amortization schedule for the four-year tern note. 6. Prepare the journal entry for A\&G's third installment payment on December 31,2023. a this question by entering your answers in the tabs below. If A\&G's note had been an installment note to be paid in four equal payments at the end of each year beginning December 2021, what would be the amount of each installment? (Round intermediate calculations and final answer to the nearest whe Complete this question by entering your answers in the tabs below. By considering the installment payment of requirement 4, prepare an amortization schedule for the four-year term of installment note. (Round intermediate calculations and final answers to the nearest whole dollar.) Prepare the journal entry for A\&G's third installment payment on December 31, 2023. (If no entry is required for a transaction select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest w dollar.) Journal entry worksheet Braxton Technologies, Inc, constructed a conveyor for A\&G Warehousers that was completed and ready for use on January 1,2021 . A\&G paid for the conveyor by issuing a $125,000, four-year note that specified 8% interest to be paid on December 31 of each yeal. and the note is to be repaid at the end of four years. The conveyor was custom-buitt for ABG , 50 its cash price was unknown. By comparison with similar transactions it was determined that a reasonable interest rate was 12\%. EV of S1. PV of S1. EVA of S1. PVA of \$1. FVAD of S1 and PVAD of \$1) (Use oppropriate factor(s) from the tables provided.) Required: 1. Prepare the joumal entry for A\&G's purchase of the conveyor on January 1, 2021 2. Prepare an amortization schedule for the four-year term of the note. 3. Prepare the journal entry for A\&G's third interest payment on December 31. 2023 4. If A\&G's note had been an installment note to be paid in four equal payments at the end of each year beginning December 31,2021 , what would be the amount of each instaliment? 5. By considering the installment payment of requirement 4, prepare on amortization schedule for the four-year term of the instaliment note: 6. Prepare the journal entry for A\&G's third instaliment payment on December 31, 2023. Complete this question by entering your answers in the tobs below. Prepare the journat entry for ABG's purchase of the comveyor on January 1, 2021. (1f no enty is required for a transaction event, select "No journat entry required" In the first account field. Pound intermediate calculations and final anawers to the nearest whole dolfari) Complete this question by entering your answers in the tabs below. Prepare the journal entry for A\&G's purchase of the conveyor on January 1, 2021. (If no entry is required for a transa "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest Journal entry worksheet Note: Enter debits before credits. comparison with similar transactions it was determined that a reasonable interest rate was 12%. (FV of $1, PV \$1. FVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare the journal entry for A\&G's purchase of the conveyor on January 1, 2021. 2.Prepare an amortization schedule for the four-year term of the note. 3. Prepare the journal entry for A\&G's third interest payment on December 31, 2023. 4. If A\&G's note had been an installment note to be paid in four equal payments at the end of each year begin what would be the amount of each installment? 5. By considering the installment payment of requirement 4, prepare an amortization schedule for the four-yea note. 6. Prepare the journal entry for A\&G's third installment payment on December 31,2023. Complete this question by entering your answers in the tabs below. Prepare an amortization schedule for the four-year term of the note. (Round intermediate calculations and final ansv the nearest whole dollar.) repare the journal entry for A\&G's third interest payment on December 31, 2023. (If no entry is required fo No journal entry required" in the first account field. Round intermediate calculations and final answers to the Journal entry worksheet Note: Enter debits before credits. A\&G paid for the conveyor by issuing a $125,000 for A\&G Warehousers that was completed and ready for use and the note is to be repaid at the end of four years. comparison with similar transactions it was determis. The conveyor was custom-built for A\&G, so its cash price wa \$1. FVAD of \$1 and PVAD of \$1) (Use appropriate focd that a reasonable interest rate was 12\%. (FV of \$1. PV of \$1 Required: 1. Prepare the journal entry for A\&G's purchase of the conveyor on January 1, 2021. 2.Prepare an amortization schedule for the four-year term of the note. 3. Prepare the journal entry for A\&G's third interest payment on December 31, 2023. 4. If A&G 's note had been an installment note to be paid in four equal payments at the end of each year beginning what would be the amount of each installment? 5. By considering the installment payment of requirement 4, prepare an amortization schedule for the four-year tern note. 6. Prepare the journal entry for A\&G's third installment payment on December 31,2023. a this question by entering your answers in the tabs below. If A\&G's note had been an installment note to be paid in four equal payments at the end of each year beginning December 2021, what would be the amount of each installment? (Round intermediate calculations and final answer to the nearest whe Complete this question by entering your answers in the tabs below. By considering the installment payment of requirement 4, prepare an amortization schedule for the four-year term of installment note. (Round intermediate calculations and final answers to the nearest whole dollar.) Prepare the journal entry for A\&G's third installment payment on December 31, 2023. (If no entry is required for a transaction select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest w dollar.) Journal entry worksheet