Question: Please check my work and help me make an amortization schedule. Need help asap! On December 31, 2022 Tyler Jackson Company accepted Dominic Griffin Company's


Please check my work and help me make an amortization schedule. Need help asap!
On December 31, 2022 Tyler Jackson Company accepted Dominic Griffin Company's $50,000 3-year note, paying 6 percent annually on December 31 , as full payment for a specialty piece of equipment. The market rate of interest for similar notes is 8 percent. The following data is provided: (a) (1) Determine the present value of the note (show calculations) and (2) make the appropriate journal entry for Tyler Jackson Company on December 31, 2022. Round answers to the nearest dollar. N=3IYY=8%FV=650,000PV=?F39,692 (2) itanest: I/X=8%N=3PMT=50,0006%=3,000Pr=?=7,731 (b) Make the appropriate entry for Tyler Jackson Company on December 31, 2023. Round answers to the nearest dollar. (Show calculations.) (You may calculate the interest revenue and discount as we did in class, or by using an amortization table as shown in the text.) c) Make the appropriate entry for December 31, 2024. Round answers to the nearest dollar. (Show calculations.) Cosh Notes Recicivatile Discount on Nates Recuivatte Intenest Reverwe d) Make the appropriate entry for December 31, 2025, assuming the note (and interest) is paid in full on that date. (Show calculations.)
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