On December 31, 2017, Pearl Inc. rendered services to Beghun Corporation at an agreed price of $107,044, accepting $42,500 down and agreeing to accept the balance in four equal installments of $21,250 receivable each December 31. An assumed interest rate of 12% is imputed.

(I TRIED TO PUT IN THE NUMBERS ON MY OWN. IF I'M WRONG, PLEASE PUT THE RIGHT ANSWERS IN THE EXACT SAME FORMAT. FOR THE OTHER ENTRIES PARTS, PLEASE ANSWER ACCOUNT TITLES AND EXPLANATION ONLY USING LIST OF ACCOUNTS ATTACHED BELOW AND FOLLOW THE SAME FORMAT FOR THE REST OF THE ANSWERS PLEASE.)

LIST OF ACCOUNTS

Accounts Payable Accounts Receivable Advertising Expense Allowance for Doubtful Accounts Bad Debt Expense Cash Cash Over and Short Due from Factor Due to Customer Discount on Notes Payable Discount on Notes Receivable Freight-In Freight-Out Gain on Disposal of Land Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Loss on Sale of Receivables Miscellaneous Expenses No Entry Notes Payable Notes Receivable Office Expense Owner's Drawings Petty Cash Postage Expense Purchase Discounts Recourse Liability Sales Discounts Sales Discounts Forfeited Sales Revenue Service Revenue Supplies Supplies Expenses Unearned Sales Revenue

Prepare en amortization schedule. Assurne thet the effective interest method s used or amortization purposes. (Round answers to 0 decimal places, e g. 5,275 ) December 31, 2017 Schedule of Note Discount Cash Received Interest Carrying Date 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 Amount of Note 54544 51039 21250 LEST OF AOCOUNTS Prepare the entries that would be recorded by Pearl Inc. for the sale on December 31, 2017. (Round answers to 0 decimal places, e.g. 5,275, If no entry is required, select "No Entry" for the account titles and enter 0 for the anmounts Credit account titJies are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit