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On December 31, 2025, Blue Inc. rendered services to Beghun Corporation at an agreed price of $106,641, accepting $41,800 down and agreeing to accept
On December 31, 2025, Blue 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 O decimal places, e.g. 5,275.) Cash December 31, 2025 Schedule of Note Discount Amortization Interest Date Received 12/31/25 12/31/26 $ 12/31/27 12/31/28 12/31/29 A $ Revenue A Decrease Carrying Amount A Carryi Amount o
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