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On 31 October 2017 Jansen company signed a 2 year instalment note in the amount of 50.000 in conjunction with the purchase of the equipment.
On 31 October 2017 Jansen company signed a 2 year instalment note in the amount of 50.000 in conjunction with the purchase of the equipment. This note is payable in equal monthly instalments of 2.354 which include interest computed at annual rate of 12%. The first monthly payment is made on November 30,2017. This note is amortising over 24 months.
Complete amortisation table for the first 4 payments by entering the correct dollar amounts
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