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QUESTION 1 On December 31, 2020, Divie's Devine Candies rendered services to Snickers Sweets at an agreed price of $249,635.50, accepting $50,000 down and
QUESTION 1 On December 31, 2020, Divie's Devine Candies rendered services to Snickers Sweets at an agreed price of $249,635.50, accepting $50,000 down and agreeing to accept the balance in five equal installments of $50,000 receivable each December 31. An assumed rate of 8% is imputed. Prepare the amortization schedule and answer the following questions. Submit your Excel amortization file via the link. Do not use "$" in your answer. Round all amounts to two digits to the right of the decimal. 1. Total amount of cash received from Snickers Sweets. 2. Total interest revenue over the life of the note receivable recognized by Divie's Devine Candies. 3. Carrying value of the notes receivable on December 31, 2024. QUESTION 2 Copy/paste your Excel file below. Be sure label all Rows and Columns clearly. All amounts should be rounded to 2 digits to the right of the decimal. [To cut/paste on a PC, highlight your completed table in Excel, click CTRL+C, then in the box below CTRL+V. To cut/paste on a Mac, highlight your completed table in Excel, click Command+C, then in the box below Command+V] TTT Arial 3 (12pt) T
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