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Question 6 of 7 -72 View Policies Current Attempt in Progress On December 31, 2020, Wildhorse Inc. rendered services to Beghun Corporation at an agreed
Question 6 of 7 -72 View Policies Current Attempt in Progress On December 31, 2020, Wildhorse Inc. rendered services to Beghun Corporation at an agreed price of $118,390, accepting $45,800 down and agreeing to accept the balance in four equal installments of $22,900 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, 2020 Schedule of Note Discount Amortization Cash Received Interest Revenue Decrease Carrying Amount Carry Amount Date December 31, 2020 Schedule of Note Discount Amortization Cash Received Interest Revenue Decrease Carrying Amount Carry Amount Date 12/31/20 $ $ $ $ 12/31/21 12/31/22 12/31/23 12/31/24 List of Accounts to 0 decimal places, e.g. 5,275.) December 31, 2020 Schedule of Note Discount Amortization Cash Received Interest Revenue Decrease Carrying Amount Carrying Amount of Note $ $ $ $ >
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