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Required: (The Creditor) 1. Prepare any journal entry (if any) on the date of the restructured debt needed on Bryan's books (the Creditor) Debit
Required: (The Creditor) 1. Prepare any journal entry (if any) on the date of the restructured debt needed on Bryan's books (the Creditor) Debit accounts Credit accounts Debits Credits Dr=Cr 2. Prepare the amortization schedule needed by the creditor (Bryan) for the modified loan. Historical rate = 0.1258613 Pmt Interest revenue Cash 1 2 Amorization Carrying Value
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Basic Technical Mathematics
Authors: Allyn J. Washington, Richard Evans
12th Edition
0137529899, 9780137529896
