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On December 31, 2020, Stellar Inc. rendered services to Beghun Corporation at an agreed price of $ 106,641, accepting $41,800 down and agreeing to accept

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On December 31, 2020, Stellar Inc. rendered services to Beghun Corporation at an agreed price of $ 106,641, accepting $41,800 down and agreeing to accept the balance in four equal installments of $20,900 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. (Round answers to 0 decimal places, e.g. 5,275.) December 31, 2020 Schedule of Note Discount Amortization Interest Discount Revenue Amortized Cash Received Carrying Amount of Note Date 12/31/20 $ 12/31/21 12/31/22 12/31/23 12/31/24 eTextbook and Media List of Accounts Prepare the entries that would be recorded by Stellar Inc. for the sale on December 31, 2020. (Round answers to O decimal places, e.g. 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.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Prepare the entries that would be recorded by Stellar Inc. for the (a) receipts and (b) interest on December 31, 2021. (Round answers to 0 decimal places, e.g. 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.) No. Account Titles and Explanation Debit Credit

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