Problem 7-9 On December 31, 2014, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $109,562, accepting $43,500 down and agreeing to accept the balance in four equal installments of $21,750 receivable each December 31. An assumed interest rate of 12% is imputed. Prepare the entries that would be recorded by Oakbrook Inc. for the sale on December 31, 2014. (Assume that the effective-interest method is used for amortization purposes.) (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the entries that would be recorded by Oakbrook Inc. for the (a) receipts and (b) interest on December 31, 2015. (Assume that the effective-interest method is used for amortization purposes.) (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b) SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the entries that would be recorded by Oakbrook Inc. for the (a) receipts and (b) interest on December 31, 2016. (Assume that the effective-interest method is used for amortization purposes.) (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b) SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the entries that would be recorded by Oakbrook Inc. for the (a) receipts and (b) interest on December 31, 2017. (Assume that the effective-interest method is used for amortization purposes.) (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b) SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the entries that would be recorded by Oakbrook Inc. for the (a) receipts and (b) interest on December 31, 2018. (Assume that the effective-interest method is used for amortization purposes.) (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b) Click if you would like to Show Work for this question: Open Show Work