Che Braxton Technologies, Inc, constructed a conveyor for A&G Warehousers that was completed and ready for use on January 1, 2018 A&G paid for the conveyor by issuing a $150, 000-four-year note that specified 8% interest to be paid on December 31 of each year and the note is to be repaid at the end of four years. The conveyor was custom-built for A&G, so comparison with similar transactions it was determined that a reasonable interest rate was 12%, (rvati its cash price was unknown. By S1. EVAD of S1 and PVAD ot S) (Use appropriate factorts) from the tobles provided.) PyofSL EVAof$1. BAof Required: 1. Prepare the journal entry for A&G's purchase of the conveyor on January 1, 2018 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, 2020 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, 2018 what would be the amount of each installment? 5. By considering the instalment payment of required 4 Prepare an amortization schedule for the four year term of the installment note 6. Prepare the journal entry for A&G's third installment payment on December 31. 2020 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare the journal entry for A&G's purchase of the conveyor on January 1, 2016. no entry is required for a transaction/event, select o journal entry required h the irt account tield Enter our ansin whole dol urnal entry worksheet Record A&G's purchase of the conveyor. Note: Enter debits before credits Date General Journal Debit Credit January 01, 2018 Record entry Clear enly View general jourmat ta 5 6 8 0 D F this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare an amortization schedule for the four-year term of the note. (Enter your answers in wh Years Cash Payment Interest EffectiveIncrease in Outstanding BalanceBalance 2018 2019 2020 2021 Total 5 6 7 8 0 W ERTYU y Worksheet Record A&G's third interest payment. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2020 Record entry Clear entry View general journal 25 t e 46 5 6 8 D F G H e nad been an installment note to be paid in four equal payments at the end of each year beginning Decem hJ be the amount of each installment? unsidering the installment payment of required 4 Prepare an amortization schedule for the four-year term of the inst 6. Prepare the journal entry for A&G's third installment payment on December 31, 2020 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Required S Required 6 If A&G's note had been an instaliment note to be paid in four equal payments at the end of each year beginning December 31, 2018, what would be the amount of each installment? (Enter your answers in whole dollars.) Required 3 Required 5> 8 WE R Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Required 5Required 6 By considering the installment payment of required 4. Prepare an amortization schedule for the four-year term of the installment note. (Enter your answers in whole dolars) 2018 2020 Totai S sa te this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare the journal entry for A&G's third installment payment on December 31, 2020. (If no entry is required for select "No journal entry required in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record A&C's third installment payment. Nohe:tr dets before cres ta Credit December 31 2020 6 S D F GH K L Che Braxton Technologies, Inc, constructed a conveyor for A&G Warehousers that was completed and ready for use on January 1, 2018 A&G paid for the conveyor by issuing a $150, 000-four-year note that specified 8% interest to be paid on December 31 of each year and the note is to be repaid at the end of four years. The conveyor was custom-built for A&G, so comparison with similar transactions it was determined that a reasonable interest rate was 12%, (rvati its cash price was unknown. By S1. EVAD of S1 and PVAD ot S) (Use appropriate factorts) from the tobles provided.) PyofSL EVAof$1. BAof Required: 1. Prepare the journal entry for A&G's purchase of the conveyor on January 1, 2018 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, 2020 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, 2018 what would be the amount of each installment? 5. By considering the instalment payment of required 4 Prepare an amortization schedule for the four year term of the installment note 6. Prepare the journal entry for A&G's third installment payment on December 31. 2020 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare the journal entry for A&G's purchase of the conveyor on January 1, 2016. no entry is required for a transaction/event, select o journal entry required h the irt account tield Enter our ansin whole dol urnal entry worksheet Record A&G's purchase of the conveyor. Note: Enter debits before credits Date General Journal Debit Credit January 01, 2018 Record entry Clear enly View general jourmat ta 5 6 8 0 D F this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare an amortization schedule for the four-year term of the note. (Enter your answers in wh Years Cash Payment Interest EffectiveIncrease in Outstanding BalanceBalance 2018 2019 2020 2021 Total 5 6 7 8 0 W ERTYU y Worksheet Record A&G's third interest payment. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2020 Record entry Clear entry View general journal 25 t e 46 5 6 8 D F G H e nad been an installment note to be paid in four equal payments at the end of each year beginning Decem hJ be the amount of each installment? unsidering the installment payment of required 4 Prepare an amortization schedule for the four-year term of the inst 6. Prepare the journal entry for A&G's third installment payment on December 31, 2020 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Required S Required 6 If A&G's note had been an instaliment note to be paid in four equal payments at the end of each year beginning December 31, 2018, what would be the amount of each installment? (Enter your answers in whole dollars.) Required 3 Required 5> 8 WE R Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Required 5Required 6 By considering the installment payment of required 4. Prepare an amortization schedule for the four-year term of the installment note. (Enter your answers in whole dolars) 2018 2020 Totai S sa te this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare the journal entry for A&G's third installment payment on December 31, 2020. (If no entry is required for select "No journal entry required in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record A&C's third installment payment. Nohe:tr dets before cres ta Credit December 31 2020 6 S D F GH K L