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On December 31, 2025, Concord Inc. rendered services to Beghun Corporation at an agreed price of $107,016, accepting $41,400 down and agreeing to accept the
On December 31, 2025, Concord Inc. rendered services to Beghun Corporation at an agreed price of $107,016, accepting $41,400 down and agreeing to accept the balance in four equal installments of $20,700 receivable each December 31. An assumed interest rate of 10% is imputed. (a1) 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.) Date 12/31/25 12/31/26 12/31/27 12/31/28 12/31/29 $ Cash Received December 31, 2025 Schedule of Note Discount Amortization $ LA Interest Revenue $ Decrease Carrying Amount $ Carryi Amount o SUPPORT On December 31, 2025, Concord Inc, rendered services to Beghun Corporation at an agreed peice of \$107,016, accepting $41,400 down and agreeing to accept the balante in four equal instaliments of $20,700 receivable each December 31 . An assumed interest rate of 10x is imputed (a1) Prepare an amortization schedule. Assume that the effective interest method is used for amortization purposes. (Round answers to 0 decimal places, es, 5,275.)
On December 31, 2025, Concord Inc. rendered services to Beghun Corporation at an agreed price of $107,016, accepting $41,400 down and agreeing to accept the balance in four equal installments of $20,700 receivable each December 31. An assumed interest rate of 10% is imputed. (a1) 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.) Date 12/31/25 12/31/26 12/31/27 12/31/28 12/31/29 $ Cash Received December 31, 2025 Schedule of Note Discount Amortization $ LA Interest Revenue $ Decrease Carrying Amount $ Carryi Amount o SUPPORT
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