a. Compute the cash received by the borrower. $ 96,000 * b. Prepare a debt amortization...

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a. Compute the cash received by the borrower. $ 96,000 * b. Prepare a debt amortization schedule. Note: Round each amount in the table to the nearest whole dollar. Note: Use a negative sign for the "Reduction in N.P." amounts. Date Jan. 1, Year 1 Dec. 31, Year 1 $ Dec. 31, Year 2 $ Dec. 31, Year 3 $ Total $ Date Jan. 1, Year 1 Dec. 31, Year 1 Dec. 31, Year 2 Cash Dec. 31, Year 3 0x S 0x S 0x S 0 $ Interest Expense 0 x $ 0 x $ 0 x $ 0 $ c. Provide the required entries for the borrower for the issuance of the note on January 1, Year 1, and the interest payments on December 31 of Year 1, Year 2, and Year 3. Note: Round your answer to the nearest whole dollar. Account Name To record issuance of note. Reduction in N.P. To record interest payment. To record interest payment. To record interest payment. $ 0 x $ 0 x $ 0 x $ 0 Carrying Value 0 x 0 x O Dr. 0 OO 0 0 OO 0 0 0 0 0 OOO 0 0 0 Cr. 0x 0x 0x 0x 0x 0x 0x 0x 0x 0x 0x On January 1 of Year 1, a borrower signed a long-term note, face amount of $120,000; time to maturity is three years; stated rate of 8% . The market rate is 10%. The note will be paid in three equal annual installments of $46, 564 on each December 31 (which is the accounting year-end for the borrower). Required Note: Round your answer to the nearest whole dollar. a. Compute the cash received by the borrower. a. Compute the cash received by the borrower. b. Prepare a debt amortization schedule. Note: Round each amount in the table to the nearest whole dollar. Note: Use a negative sign for the "Reduction in N. P." amounts. c. Provide the required entries for the borrower for the issuance of the note on January 1, Year 1, and the interest payments on December 31 of Year 1, Year 2, and Year 3. Note: Round your answer to the nearest whole dollar. a. Compute the cash received by the borrower. $ 96,000 * b. Prepare a debt amortization schedule. Note: Round each amount in the table to the nearest whole dollar. Note: Use a negative sign for the "Reduction in N.P." amounts. Date Jan. 1, Year 1 Dec. 31, Year 1 $ Dec. 31, Year 2 $ Dec. 31, Year 3 $ Total $ Date Jan. 1, Year 1 Dec. 31, Year 1 Dec. 31, Year 2 Cash Dec. 31, Year 3 0x S 0x S 0x S 0 $ Interest Expense 0 x $ 0 x $ 0 x $ 0 $ c. Provide the required entries for the borrower for the issuance of the note on January 1, Year 1, and the interest payments on December 31 of Year 1, Year 2, and Year 3. Note: Round your answer to the nearest whole dollar. Account Name To record issuance of note. Reduction in N.P. To record interest payment. To record interest payment. To record interest payment. $ 0 x $ 0 x $ 0 x $ 0 Carrying Value 0 x 0 x O Dr. 0 OO 0 0 OO 0 0 0 0 0 OOO 0 0 0 Cr. 0x 0x 0x 0x 0x 0x 0x 0x 0x 0x 0x On January 1 of Year 1, a borrower signed a long-term note, face amount of $120,000; time to maturity is three years; stated rate of 8% . The market rate is 10%. The note will be paid in three equal annual installments of $46, 564 on each December 31 (which is the accounting year-end for the borrower). Required Note: Round your answer to the nearest whole dollar. a. Compute the cash received by the borrower. a. Compute the cash received by the borrower. b. Prepare a debt amortization schedule. Note: Round each amount in the table to the nearest whole dollar. Note: Use a negative sign for the "Reduction in N. P." amounts. c. Provide the required entries for the borrower for the issuance of the note on January 1, Year 1, and the interest payments on December 31 of Year 1, Year 2, and Year 3. Note: Round your answer to the nearest whole dollar.

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Lets break this down step by step a Compute the cash received by the borrower The face amount of the ... View the full answer