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Problem 9-9 You want to buy a motorcycle from JD. The cost is $18,000, $2,000 down and the rest in three equal annual payments beginning

Problem 9-9 You want to buy a motorcycle from JD. The cost is $18,000, $2,000 down and the rest in three equal annual payments beginning one year from today. Interest is included in the payments at 10%. How much are the payments? Amortize the loan. Record the Journal Entries. Problem 9-10 You want to buy a bus. Cost is $180,000 with 10% down and the rest in 7 equal annual payments which include interest at 6%. The payments begin in one year. How much are the payments? Amortize the loan. Record the Journal Entries.
Help to Amortize and for the Journal Entries would be much appreciated!
image text in transcribed
Problem 9-9 You want to buy a motorcycle from JD. The cost is $18,000,$2,000 down and the rest in three equal annual payments beginning one year from today. Interest is included in the payments at 10%. How much are the payments? Amortize the loan. Record the Journal Entries. Problem 9-10 You want to buy a bus. Cost is $180,000 with 10% down and the rest in 7 equal annual payments which include interest at 6%. The payments begin in one year. How much are the payments? Amortize the loan. Record the Joumal Entries. Problem 9-9 You want to buy a motorcycle from JD. The cost is $18,000,$2,000 down and the rest in three equal annual payments beginning one year from today. Interest is included in the payments at 10%. How much are the payments? Amortize the loan. Record the Journal Entries. Problem 9-10 You want to buy a bus. Cost is $180,000 with 10% down and the rest in 7 equal annual payments which include interest at 6%. The payments begin in one year. How much are the payments? Amortize the loan. Record the Joumal Entries

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