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On January 1, Joey, Inc. buys equipment for $10.000. Terms are 10% down the rest in 3 equal annual payments which include interest at 6%.
On January 1, Joey, Inc. buys equipment for $10.000. Terms are 10% down the rest in 3 equal annual payments which include interest at 6%. (6% is what the bank would charge you.) The payments start December 31. Prepare an amortization schedule and all the journal entries for each year. Redo Joey with 10% down interest only payments of 2% for 3 years. Prepare an amortization schedule and all the journal entries for each year. Redo Joey with 10% down and 3 equal payments that include interest at 2%. Prepare an amortization schedule and all the journal entries for each year. On January 1, Joey, Inc. buys equipment for $10.000. Terms are 10% down the rest in 3 equal annual payments which include interest at 6%. (6% is what the bank would charge you.) The payments start December 31. Prepare an amortization schedule and all the journal entries for each year. Redo Joey with 10% down interest only payments of 2% for 3 years. Prepare an amortization schedule and all the journal entries for each year. Redo Joey with 10% down and 3 equal payments that include interest at 2%. Prepare an amortization schedule and all the journal entries for each year
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