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question problem 7 8 part level submission 48 100 do n and agreeing to accept the ba 4277199

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Problem 7-8 (Part Level Submission) 48 100 do n and agreeing to accept the balance in our equal installments of $24,050 receivable each December 31 An on December 31, 2017, Pro ghorn Inc. rendered services to Beghun Corporation at an agreed price of $122,714, accepting assumed interest rate of 11% is imputed. (al) 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, 2017 Schedule of Note Discount Cash Interest Revenue Carrying Amount of Note Date 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21

 

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