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



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, es. 5.275.) Prepare the entry that would be recorded by Concord Inc, for the sale on December 31, 2025. (Round answers to 0 decimal places, es. 5,275. if no entry is required, select "No Entry' for the occount 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). Prepare the entries that would be recorded by Concord Inc. for the (a) receipts and (b) interest on December 31, 2026. (Round answers to 0 decimal places, eg. 5,275. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries
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