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repare a schedule of the debt reduction and interest expense for the years 2023 through 2026. (Do not leave any answer field lank. Enter 0
repare a schedule of the debt reduction and interest expense for the years 2023 through 2026. (Do not leave any answer field lank. Enter 0 for amounts.) Windsor Corp. owes Wildhorse Corp. a $108,470,10-year, 10% note issued at par plus $10,847 of accrued interest. The note is due today, December 31, 2023. Because Windsor is in financial trouble, Wildhorse agrees to forgive the accrued interest and $10,400 of the principal and to extend the maturity date to December 31,2026 . Interest at 10% of the revised principal will continue to be due on December 31 of each year. Assume the market rate of interest is 10% at the date of refinancing. Windsor and Wildhorse prepare financial statements in accordance with IFRS. factor table PRESENT VALUE OF 1. factor table PRESENT VALUE OF AN ANNUITY OF 1. Prepare all the necessary journal entries on the books of Windsor for the years 2023, 2024, and 2025. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
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