On December 31, 2017, Carla Inc. rendered services to Beghun Corporation at an agreed price of $111,744, accepting $43,800 down and agreeing to accept the balance in four equal installments of $21,900 receivable each December 31. An assumed interest rate of 11% is imputed.

Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes.

Prepare the entries that would be recorded by Carla Inc. for the sale on December 31, 2017. (Round answers to O decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit