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The interest revenue = Carrying value of note before interest payment x interest rate Carrying value of note after each interest payment = Carrying value
The interest revenue = Carrying value of note before interest payment x interest rate Carrying value of note after each interest payment = Carrying value of note before each interest payment - Decrease in carrying amount. Value of decrease in carrying amount = Cash installment - Interest revenue. Explanation: The above formulas are used in solving the answer. Please see final answer below. Final answer Using the workings above complete and Final answer for solution is provided below. Prepare the entry that would be recorded by Bramble Inc. for the sale on December 31, 2025. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) The interest revenue = Carrying value of note before interest payment x interest rate Carrying value of note after each interest payment = Carrying value of note before each interest payment - Decrease in carrying amount. Value of decrease in carrying amount = Cash installment - Interest revenue. Explanation: The above formulas are used in solving the answer. Please see final answer below. Final answer Using the workings above complete and Final answer for solution is provided below. Prepare the entry that would be recorded by Bramble Inc. for the sale on December 31, 2025. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
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