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CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Problem 7-8 (Part Level Submission) On December 31, 2017, Carla Inc. rendered services to Beghun Corporation at an
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Problem 7-8 (Part Level Submission) On December 31, 2017, Carla Inc. rendered services to Beghun Corporation at an agreed price of $105,784, accepting $42,000 down and agreeing to accept the balance in four equal installments of $21,000 receivable each December 31. An assumed interest rate of 12% is imputed. (al) Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to O decimal places, e.g. 5,275.) December 31, 2017 Schedule of Note Discount Amortization Date Cash Received Interest Revenue Carrying Amount of Note 12/31/17 S 21,000 7654.08 12/31/18 21,000 12/31/19 21,000 12/31/20 21,000 12/31/21 21,000 Click if you would like to Show Work for this question: Open Show Work
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