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On December 31, 2020. Pronghorn Inc. rendered services to Beghun Corporation at an agreed price of $ 125.931, accepting 5 50,000 down and agreeing to
On December 31, 2020. Pronghorn Inc. rendered services to Beghun Corporation at an agreed price of $ 125.931, accepting 5 50,000 down and agreeing to accept the balance in four equal installments of $ 25,000 receivable each December 31. An assumed interest rate of 12% is imputed. (a 1) Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to decimal places, ey. 5,275.) December 31, 2020 Schedule of Note Discount Amortization Cash Received Interest Revenue Decrease Carrying Amount Ca Amour Date 12/31/20 December 31, 2020 Schedule of Note Discount Amortization Date Cash Received Interest Revenue Decrease Carrying Amount Amour 12/31/20 $ $ $ 12/31/21 12/31/22 12/31/23 12/31/24 Carrying Amount of Note $
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