Question: Please provide correct answer Current Attmpt in Progress Bramble Manufacturing Inc, intends to finance the acquisition of new manufacturing equipment that costs $174,000 by issuing


Current Attmpt in Progress Bramble Manufacturing Inc, intends to finance the acquisition of new manufacturing equipment that costs $174,000 by issuing a five. year, 3.50% note payable. The note would be issued on January 1, 2024. Bramble's year end is December and the note would require annual payments on December 31 . The finance company has given Bramble the choice of making blended payments of $38.538, or making fixed payments of $34,800 plus interest. Assuming the fixed principal payment option is selected, prepare the amortization table for the first two years of the note payable. Record the December 31, 2024, payment under this alternative. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Record the December 31, 2024, payment under this alternative. (Credit occount titles are automatically indented when the amount is entered. DAmot indent manually. List all debit entries before credit entries)
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