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Un December 31, 2020, Blue Inc. rendered services to Beghun Corporation at an agreed price of $117,867, accepting $46,200 down and agreeing to accept the

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Un December 31, 2020, Blue Inc. rendered services to Beghun Corporation at an agreed price of $117,867, accepting $46,200 down and agreeing to accept the balance in four equal installments of $23,100 receivable each December 31. An assumed interest rate of 11% 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 Date Cash Received Interest Revenue Decrease Carrying Amount Carry Amount 12131/20

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