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tempt in Progress On December 31, 2020, Stellar Inc. rendered services to Beghun Corporation at an agreed price of $103,397, accepting $40,000 down and agreeing

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tempt in Progress On December 31, 2020, Stellar Inc. rendered services to Beghun Corporation at an agreed price of $103,397, accepting $40,000 down and agreeing to accept the balance in four equal installments of $20.000 receivable each December 31. An assumed interest rate of 10% is imputed. (a1) Prepare an amortization schedule. Assume that the effective interest method is used for amortization purposes. (Round answers to decimal places, eg. 5,275) December 31, 2020 Schedule of Note Discount Amortization Interest Decrease Revenue Carrying Amount Date Cash Recelved Carryit Amount of 12/31/20 $ 12/31/21 12/31/22 12/31/23 12/31/24

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