Question: On December 3 1 , 2 0 2 5 , Coronado Inc . rendered services to Beghun Corporation at an agreed price of $ 1

On December 31,2025,CoronadoInc. rendered services to Beghun Corporation at an agreed price of $113,785, accepting $44,600down and agreeing to accept the balance in four equal installments of $22,300receivable each December 31. An assumed interest rate of11% is imputed.
a) Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes.
b) Prepare the entry that would be recorded byCoronadoInc. for the sale on December 31,2025.
c) Prepare the entries that would be recorded byCoronadoInc. for the (a) receipts and (b) interest on December 31,2026.
d) Prepare the entries that would be recorded byCoronadoInc. for the (a) receipts and (b) interest on December 31,2028.
e) Prepare the entries that would be recorded byCoronadoInc. for the (a) receipts and (b) interest on December 31,2029. On December 31,2025, Coronado Inc. rendered services to Beghun Corporation at an agreed price of \(\$ 113,785\), accepting \(\$ 44,600\) down and agreeing to accept the balance in four equal installments of \(\$ 22,300\) receivable each December 31. An assumed interest rate of \(11\%\) is imputed.
a) Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes.
b) Prepare the entry that would be recorded by Coronado Inc. for the sale on December 31,2025. c) Prepare the entries that would be recorded by Coronado Inc. for the (a) receipts and (b) interest on December 31,2026.
d) Prepare the entries that would be recorded by Coronado Inc. for the (a) receipts and (b) interest on December 31,2028.
e) Prepare the entries that would be recorded by Coronado Inc. for the (a) receipts and (b) interest on December 31,2029.
\begin{tabular}{|c|c|c|c|c|}
\hline Date & \begin{tabular}{l}
Cash \\
Received
\end{tabular} & \begin{tabular}{l}
Interest \\
Revenue
\end{tabular} & \begin{tabular}{l}
Decrease \\
Carrying Value/Amt
\end{tabular} & Carrying Value/Amt \\
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\hline \multicolumn{2}{|l|}{Journal Entries} & & & \\
\hline & & & & \\
\hline & Account Title & DR & CR & \\
\hline
\end{tabular}
On December 3 1 , 2 0 2 5 , Coronado Inc .

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