On December 31, 2020, Culver Inc. rendered services to Beghun Corporation at an agreed price of $105.982, accepting $41.000 down and agreeing to accept the balance in four equal installments of $20,500 receivable each December 31. An assumed interest rate of 10% is imputed. (a1) Your Answer Correct Answer Your answer is correct. Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to decimal places, e.g. 5,275.) December 31, 2020 Schedule of Note Discount Amortization Interest Discount Revenue Amortized Cash Received Date Carrying Amount of Note 64982 2/31/20 $ 2/31/21 20500 6498 14002 50980 2/31/22 20500 5098 15402 35578 2/31/23 20500 3558 16942 18636 2/31/24 20500 18636 (a2) - Your answer is partially correct. Prepare the entries that would be recorded by Culver Inc. for the sale on December 31, 2020. (Round answers to 0 decimal places, eg. 5,275. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Cash 41000 Notes Receivable 64982 Service Revenue 105982