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Pink Co. receives a 3-year, $ 630,000 note with a stated interest rate of 5% on 1/1/2021. The market rate of interest is 8% and

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Pink Co. receives a 3-year, $ 630,000 note with a stated interest rate of 5% on 1/1/2021. The market rate of interest is 8% and the present value (price) of the note is $ 581,292 on 1/1/2021. Fill out the 4 missing amounts in the partial discount amortization table based on the effective interest method. The beginning carrying value (l... price) has been entered in the table. (6 points total; 1.5 point each) Date Cash Interest Discount Carrying interest revenue amortized value of note receipt 1/1/2021 $ 581,292 12/31/2021 (1) ? (2) ? (3) ? (4) ? Answer (1): A (2): (3): A (4): Jenny Co receives a 5-year, $ 680,000 zero-interest-boating note on 1/1/2021 The market rate of interest is 8% and the present value (price) of the note is $ 462,794 on 1/1/2021. Fill out the 4 missing amounts in the partial discount amortization table based on the effective interest method. The beginning carrying value (i ... price) has been entered in the table. (6 points total; 1.5 point each) Date Cash interest receipt Interest revenue Discount amortized Carrying value of 1/1/2021 note $ 462,794 12/31/2021 (1) ? (2) ? (3) ? (4) ? Answer: (1): A (2): A (3): A (4) A/

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