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On December 31, 2025, Metlock Inc. rendered services to Beghun Corporation at an agreed price of $105,982, accepting $41,000 down and agreeing to accept
On December 31, 2025, Metlock 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. (a1) 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 Date Received 12/31/25 12/31/26 $ December 31, 2025 Schedule of Note Discount Amortization $ Interest Revenue $ Decrease Carrying Amount Carryi Amount of $
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