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plz help Oriole Company receives a three-year, $11,000, zero-interest-bearing note, and the related present value with a market interest rate of 9% is $8,493.98. The
plz help Oriole Company receives a three-year, $11,000, zero-interest-bearing note, and the related present value with a market interest rate of 9% is $8,493.98. The total discount of $2,506.02 under the straight-line method is amortized over the three-year period in equal amounts each year. Therefore, the annual amortization is $2,506.023 or $835.34. Click here to view factor tables Prepare the entry to record the annual interest for years 1 and 2 under the straight-line method and the effective interest method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 2 decimal places, e.g. 15.,25.) Prepare the entry to record the annual interest for years 1 and 2 under the straight-line method and the effective interest method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 2 decimal places, e.8. 15.,25.)
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