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Dandy Candy bought a delivery vehicle for $45,000 by Issuing an 8% installment note on January 1, 2021. Dandy will make 12 monthly payments of

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Dandy Candy bought a delivery vehicle for $45,000 by Issuing an 8% installment note on January 1, 2021. Dandy will make 12 monthly payments of $3,914.50 at the end of each month Required: Prepare the amortization table using the effective interest rate method. Note: Round to the nearest cent). 1 an amount box does not require an entry, leave it blank and if the answer is zero, enter o". And, round final year, if necessary, to complete the amortization Dandy Candy Amortization Table Period Cash Payment (Credit) Interest Expense (Debit) Reduction of Note Payable (Debit) . Note Payable Balance 45,000 41.366 x At issue 01/31/21 3.9145 3,6145 300 02/28/21 LANG 2759 3.91457 25165 3424 x 1.91457 3. 22723 03/31/21 04/30/21 05/31/21 06/30/21 202.65 39545 2015 17790 153.99 3.914 07/31/21 08/31/21 9145 127.91 10267 09/30/21 19145 Prenus 3,914.5 77.26 10/31/21 11/30/21 12/31/21 3.914.5 51.67 II 3,914.5 26 X Feedback

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