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Problem 7-8 (Part Level Submission) On December 31, 2017, Nash Inc. rendered services to Beghun Corporation at an agreed price of $109,343, accepting $42,300 down

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Problem 7-8 (Part Level Submission) On December 31, 2017, Nash Inc. rendered services to Beghun Corporation at an agreed price of $109,343, accepting $42,300 down and agreeing to accept the balance in four equal installments of $21,150 receivable each December 31, An assumed interest rate of 10% is imputed (a1) 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 Carrying Amount of Note Cash Interest Revenue Date 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 Click if you would like to Show Work for this question: Open Show Work

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