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please solve it before 13 mins Record the issue of the note and the December 31, 2024, payment under this alternative. (Credit account titles are
please solve it before 13 mins
Record the issue of the note and the December 31, 2024, payment under this alternative. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Assuming the blended payment option is selected, prepare the amortization table for the first two years of the note payable. Flint Manufacturing Inc. intends to finance the acquisition of new manufacturing equipment that costs $154,000 by issuing a five-year, 3.50% note payable. The note would be issued on January 1, 2024. Flint's year end is December and the note would require annual payments on December 31. The finance company has given Flint the choice of making blended payments of $34,108, or making fixed payments of $30,800 plus interest. Assuming the blended payment option is selected, prepare the amortization table for the first two years of the note payable. Record the December 31, 2024, payment under this alternative. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Record the issue of the note and the December 31, 2024, payment under this alternative. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Assuming the blended payment option is selected, prepare the amortization table for the first two years of the note payable. Flint Manufacturing Inc. intends to finance the acquisition of new manufacturing equipment that costs $154,000 by issuing a five-year, 3.50% note payable. The note would be issued on January 1, 2024. Flint's year end is December and the note would require annual payments on December 31. The finance company has given Flint the choice of making blended payments of $34,108, or making fixed payments of $30,800 plus interest. Assuming the blended payment option is selected, prepare the amortization table for the first two years of the note payable. Record the December 31, 2024, payment under this alternative. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)Step by Step Solution
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