Please do question a2

On December 31, 2020, Coronado Inc. rendered services to Beghun Corporation at an agreed price of $124,077, accepting $48,000 down and agreeing to accept the balance in four equal installments of $24,000 receivable each December 31. An assumed interest rate of 10% is imputed. (21) 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.) December 31, 2020 Schedule of Note Discount Amortization Cash Received Interest Revenue Decrease Carrying Amount Date 12/31/20 $ i $ $ i 5 12/31/21 24000 7608 16392 12/31/22 24000 5968 18032 12/31/23 24000 4165 19835 12/31/24 24000 2182 21818 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.) December 31, 2020 Schedule of Note Discount Amortization Cash Received Interest Revenue Decrease Carrying Amount Carrying Amount of Note i $ CA i $ $ i $ 76077 24000 7608 16392 59685 24000 5968 18032 41653 24000 4165 19835 21818 24000 2182 21818 0 (a2) Prepare the entries that would be recorded by Coronado Inc. for the sale on December 31, 2020. (Round answers to O decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit