On December 31, 2020, Whispering 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.

practice a amortization schedule. Assume that the effective-interest method is used for amortization purposes.(Round answers to 0 decimal places, e.g. 5,275.)

Prepare the entries that would be recorded by Whispering Inc. for the sale on December 31, 2020.(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 amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Prepare the entries that would be recorded by Whispering 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 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Prepare the entries that would be recorded by Whispering Inc. for the (a) receipts and (b) interest on December 31, 2022.(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 amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Prepare the entries that would be recorded by Whispering Inc. for the (a) receipts and (b) interest on December 31, 2023.(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 amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Prepare the entries that would be recorded by Whispering Inc. for the (a) receipts and (b) interest on December 31, 2024.(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 amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)