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question that needs to be answered is on top please help me Prepare the entries that would be recorded by Splish Inc. for the (a)
question that needs to be answered is on top please help me
Prepare the entries that would be recorded by Splish Inc. for the (a) receipts and (b) interest on December 31, 2026, (Round answers to O decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) On December 31, 2025, Splish Inc. rendered services to Beghun Corporation at an agreed price of $110,318, accepting $43,800 down and agreeing to accept the balance in four equal installments of $21,900 receivable each December 31 . An assumed interest rate of 12% is imputed. (a1) Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to 0 decimal places, eg. 5, 275. Prepare the entry that would be recorded by Splish Inc. for the sale on December 31, 2025. (Round answers to 0 decimai places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts, Credit occount titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries/ Step by Step Solution
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