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Please answer on excel and show all work. I will leave positive review. Question 4 (7 marks - 14 minutes) On April 1, 20x1, Campbell
Please answer on excel and show all work. I will leave positive review.
Question 4 (7 marks - 14 minutes) On April 1, 20x1, Campbell Furniture Inc. took out a bank loan for $400,000 at a rate of 4% Annual payments of interest and principal must be repaid over 3 years on March 31st of each year, with 1/3 of the principal being repaid each year. The first payment is due March 31, 20x2 Required - 2. Prepare the amortization schedule for this loan (4 marks) 1. Campbell Furniture Inc. has a December 31 year end. Prepare the adjusting entry from December 31, 20x2, assuming all other entries had been recorded correctly to dateStep by Step Solution
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