Refer to the information for Dandy Candy below. Dandy Candy bought a delivery vehicle for $45,000 by
Question:
Dandy Candy bought a delivery vehicle for $45,000 by issuing an 8% installment note on January 1, 2021. Dandy will make 12 monthly payments of $3,914.50 at the end of each month.
Required:
Prepare the amortization table using the effective interest rate method.
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Reduction Cash Interest of Note Note Payment Expense a Payable b Payable Pe...View the full answer
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