Question 1 [5 points) On January 1, 2014 Northstar Corp borrowed $250,000 from the bank Interest is calculated at the rate of 10% and the form of the noter is four years Four equal annual payments will be made in the amount of 578,868 each December 31 The payment schedule is shown below Year Annual Principal Portion of Interest Portion of Principal Balance at Payment Payment Payment Year End 2014 78,868 53,868 25,000 196,132 2015 78,868 59.255 19,613 136,877 2016 78,868 65.180 13.688 71,897 2017 78,868 71,697 7.171 0 a) Show how Northstar Corp will show the note on the year-end December 31, 2014 balance sheet Liabilities Current Liabilities (Select one) Long Term Liabilities (Select one) Show how Northstar Corp will show the note on the year-end December 31, 2015 balance sheet 15C Mostly doudy Way.com/student stablood lyryx NO Assignment 3 (Question 5) 2001-10-21 Question 5 [10 points] Dylox Corporation has available for issue 59448,000 tonds do in four years in the role of lobo de you with nearest whole number a) Calculate the issue price of the murka interest rate 10% Totales peces b) Prepare the journal entry for the issuance of the bond on Septemw Entranscription, the date in the time General Journal Date Account Expo F De Crede SEANDOLO STAND MORE Official Time: 11:52:22 11 Monday o O Type here to search