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it also wants the entries for the other dates as well. December 31, 2020 Schedule of Note Discount Amortization Cash Received Interest Revenue Date Decrease
it also wants the entries for the other dates as well.
December 31, 2020 Schedule of Note Discount Amortization Cash Received Interest Revenue Date Decrease Carrying Amount Am 12/31/20 $ $ 12/31/21 22400 7100.5 15299.50 12/31/22 22400 5570.55 16829.45 12/31/23 22400 3887.61 185 12:40 12/31/24 22400 2036.37 20363 65 Carrying Amount of Note $ 71005 55705.50 38876.05 20363.66 0 Prepare the entries that would be recorded by Pronghorn Inc. for the sale on December 31, 2020. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 44 800 Not Receivable 26205 Service Revenue 115.805 Discount on Notes Receivable Step by Step Solution
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