1. Prepare any journal entry (if any) on the date of the restructured debt needed on...

 

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1. Prepare any journal entry (if any) on the date of the restructured debt needed on Short's books (the Debtor). Otherwise, leave blank. Debit accounts Credit accounts Debits Credits Dr=Cr 2. Prepare the journal entry for the payment of the cash interest on December 31, 2018 on Short's books (the Debtor) Debit accounts Credit accounts Debits Credits Dr=Cr Required: (The Creditor) 1. Prepare any journal entry (if any) on the date of the restructured debt needed on Bryan's books (the Creditor) Debit accounts Credit accounts Debits Credits |Dr=Cr 2. Prepare the amortization schedule needed by the creditor (Bryan) for the modified loan. Historical rate = 0.1258613 Pmt Interest revenue Cash 1 2 Amorization Carrying Value 1. Prepare any journal entry (if any) on the date of the restructured debt needed on Short's books (the Debtor). Otherwise, leave blank. Debit accounts Credit accounts Debits Credits Dr=Cr 2. Prepare the journal entry for the payment of the cash interest on December 31, 2018 on Short's books (the Debtor) Debit accounts Credit accounts Debits Credits Dr=Cr Required: (The Creditor) 1. Prepare any journal entry (if any) on the date of the restructured debt needed on Bryan's books (the Creditor) Debit accounts Credit accounts Debits Credits |Dr=Cr 2. Prepare the amortization schedule needed by the creditor (Bryan) for the modified loan. Historical rate = 0.1258613 Pmt Interest revenue Cash 1 2 Amorization Carrying Value