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please show work with answers. thank you for your help. On December 31, 2017, Sunland Inc. rendered services to Beghun Corporation at an agreed price
please show work with answers. thank you for your help.
On December 31, 2017, Sunland Inc. rendered services to Beghun Corporation at an agreed price of $119,908, accepting $47,000 down and agreeing to accept the balance in four equal installments of $23,500 receivable each December 31. An assumed interest rate of 11% is imputed. Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to 0 decimal places, e.g. 5,275.) December 31, 2017 Schedule of Note Discount Amortization 12/31/17 $ $ $ 12/31/18 12/31/19 12/31/20 12/31/21 Prepare the entries that would be recorded by Sunland Inc. for the sale on December 31, 2017. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounm. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Credit \\ snow LIST OF ACCOUNTS l 'VLINKTOTEXTV' Prepare the entries that would be recorded by Sunland Inc. for the (a) receipts and (b) interest on December 31, 2018. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter a for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) itles and Explanation Debit Credit No. Account (a) (b) Prepare the entries that would be recorded by Sunland Inc. for the (a) receipts and (b) interest on December 31, 2019. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter a for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b) l snow us1- or ACCOUNTS lruux to TEX'I'V Prepare the entries that would be recorded by Sunland Inc. for the (a) receipts and (b) interest on December 31, 2020. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter a for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b) (b) i snow us1- or Accoun-rs i LINK TO TEXT | Prepare the entries that would be recorded by Sunland Inc. for the (a) receipts and (b) interest on December 31, 2021. (Round answers to 0 decimal places, e.g. 5,275. If no entry ls required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b)Step by Step Solution
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