Question: please answer (a2) On December 31, 2025, Concord inc. rendered services to Beghun Corporation at an agreed price of $107,016, accepting $41,400 down and agreeing

please answer (a2)
please answer (a2) On December 31, 2025, Concord inc. rendered services to
Beghun Corporation at an agreed price of $107,016, accepting $41,400 down and
agreeing to accept the balance in four equal installments of $20,700 receivable

On December 31, 2025, Concord inc. rendered services to Beghun Corporation at an agreed price of $107,016, accepting $41,400 down and agreeing to accept the balance in four equal installments of $20,700 receivable each December 31 . An assumed interest rate of 10% is imputed. Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers: to 0 decimal places, eg 5,275. Prepare the entry that would be recorded by Concord Inc. for the sale on December 31, 2025, (Round answers to 0 decimol ploces, e8. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit occount tities are outamaticaliy indented when the omount is entered. Do not indent manually. List all debit entries before credit entries)

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