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S15-19 On January 1, 2020, Thames Company purchases a vehicle and signs a six-year loan for $60,000 at 4 percent. Their accountant started the following

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S15-19 On January 1, 2020, Thames Company purchases a vehicle and signs a six-year loan for $60,000 at 4 percent. Their accountant started the following table: F B C D E Blended Beginning Monthly Interest Principal Balance Payment Expense Payment Ending Balance 60,000.00 1 Period 2 Jan 1, 2020 3 Jan. 31, 2020 4 Feb. 29, 2020 5 Mar. 31, 2020 6 Apr 30, 2020 7 May 31, 2020 8 Jun 30, 2020 a a. Complete the partial amortization schedule assuming they will make a blended monthly payment of $980. Round all amounts to two decimal places. b. At the end of 2020, what amount would be shown on the balance sheet for the current portion of the loan

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