On December $31,2025,$ Swifty Inc. rendered services to Beghun Corporation at an agreed price of $\backslash$$$125,934,$ accepting $\backslash$$$50,000$ down and agreeing to accept the balance in four equal installments of $\backslash (\backslash$$ $25,000\backslash )$ receivable each December $31.$ An assumed interest rate of $\backslash (12\backslash \%\backslash )$ is imputed.

Your answer is correct.

Prepare an amortization schedule. Assume that the effective$-$interest method is used for amortization purposes. $($Round answers to $0$ decimal places, e$.$g$.5,275.)$

Your answer is partially correct.

Prepare the entry that would be recorded by Swifty Inc. for the sale on December $31,2025.($Round answers to $0$ decimal places, e$.$g$.5,275.$ If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Account Titles and Explanation

Cash

Notes Receivable