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Issuance & Amortization Scedule Gentle Ben's received a note receivable from a wholesale customer. The terms and applicable rates are presented below. For the note

Issuance & Amortization Scedule

Gentle Ben's received a note receivable from a wholesale customer. The terms and applicable rates are presented below. For the note associated with your name, prepare: a. Record the issuance b. Prepare an amortization schedule c. Record the first three interest payments Principal $ 1,000,000 Term (years) 6 Interest rate 6.0% Market rate 7.0%

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