Question
* Round all answers to the nearest whole dollar What amount of Service Revenue was recognized on January 1, 2019? Determine the amount of (1)
*Round all answers to the nearest whole dollar | What amount of Service Revenue was recognized on January 1, 2019? | Determine the amount of (1) payment of P&I |
On January 1, 2019, Pitchfork, Inc. rendered services to Z Corp. accepting a $30,000 down payment and a 4- year, $228,509, 8% note with P&I payments to be made each June 30th and Dec 31st. The 8% APR is considered reasonable. |
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Question #12: What amount of service revenue can be recognized on Jan 1, 2019? |
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Using the information in #12 above, determine the amount of (1) payment of P&I: $______________________
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