Question: PREPARE AN AMORTIZATION TABLE AND FIND HOW MUCH IS THE NET PROCEEDS FOR THE FOLLOWING CASES: Case 1: On December 31, 2019 Triangle company purchase

PREPARE AN AMORTIZATION TABLE AND FIND HOW MUCH IS THE NET

PREPARE AN AMORTIZATION TABLE AND FIND HOW MUCH IS THE NET PROCEEDS FOR THE FOLLOWING CASES: Case 1: On December 31, 2019 Triangle company purchase a property by issuing 8% promissory note with face amount of 5,000,000 to yield 10% interest semi annual for 10 years. Case 2: On January 1, 2020 Square company purchase a property by issuing 15% promissory note with face amount of 5,000,000 to yield 12% interest and principal payable annually for 5 years

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