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On December 31, 2025. Tamarisk Inc. rendered services to Beghun Corporation at an agreed price of $104,948, accepting $40,600 down and agreeing to accept the
On December 31, 2025. Tamarisk Inc. rendered services to Beghun Corporation at an agreed price of $104,948, accepting $40,600 down and agreeing to accept the balance in four equal installments of $20,300 receivable each December 31. An assume interest rate of 10% is imputed. (a1) V Your answer is correct. Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answer to O decimal places, e.g. 5,275.) December 31, 2025 Schedule of Note Discount Amortization Cash Interest Decrease Carrying Received Revenue Carrying Amount Amount of No 20300 6435 13865 20300 5048 15252 20300 3523 16777 20300 1845 18455 eTextbook and Media Assistance Used eTextbook List of Accounts Attempts: 2 of 3 u (a2) Prepare the entry that would be recorded by Tamarisk Inc. for the sale on December 31, 2025. (Round answers to O decimal place e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit
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