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those are line options On December 31, 2020, Culver Inc. rendered services to Beghun Corporation at an agreed price of $105,982, accepting $41,000 down and

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On December 31, 2020, Culver Inc. rendered services to Beghun Corporation at an agreed price of $105,982, accepting $41,000 down and agreeing to accept the balance in four equal installments of $20,500 receivable each December 31. An assumed interest rate of 10% is imputed. (1) 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 Discount Revenue Amortized Cash Received Carrying Amount of Note Date 12/31/20 $ 12/31/21 12/31/22 12/31/23 12/31/24 Accounts Payable Accounts Receivable Advertising Expense Allowance for Doubtful Accounts Allowance for Sales Returns and Allowances Bad Debt Expense Cash Cash Over and Short Due from Factor Due to Customer Discount on Notes Payable Discount on Notes Receivable Equity Investments Freight-in Freight-Out Gain on Disposal of Land Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Loss on Disposal of Investment Loss on Sale of Receivables Maintenance and Repairs Expense Miscellaneous Expenses No Entry Notes Payable Notes Receivable Office Expense Office Supplies Owner's Drawings Petty Cash Postage Expense Prepaid Postage Purchase Discounts Recourse Liability Sales Discounts Sales Discounts Forfeited Sales Returns and Allowances Sales Revenue Sales Revenue Service Revenue Supplies Supplies Expenses Unearned Sales Revenue

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