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SUUN 18 8 pts On January 1, 2020, Desert Company accepted a $67,327, 8%, 4 year note from Beach Company for the sale of merchandise.
SUUN 18 8 pts On January 1, 2020, Desert Company accepted a $67,327, 8%, 4 year note from Beach Company for the sale of merchandise. The note requires Beach Company to make semiannual installment payments of principal and interest (P&I) at the end of each June and December. The market rate for similar transactions is 8% APR. PVOA: i = 4% i = 8% = 4 3.6299 3.3121 6.7327 5.7466 Complete the Amortization Schedule for the first year of this note: **Round all answers to the nearest dollar. Do not use a comma or $ in your answer.** Date Cash Interest Revenue Principal Carrying Value Issue (1/1/20) 67,327 n = 8 6.7327 5.7466 Complete the Amortization Schedule for the first year of this note: **Round all answers to the nearest dollar. Do not use a comma or $ in your answer.** Date Cash Interest Revenue Principal Carrying Value Issue (1/1/20) 67, 327 6/30/20 12/31/20 Next
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