Question: Q2. On 1/1/20 Alpha Corp. issued a Note Payable tie , borrowed) when the interest rate was 7% compounded annually. Give below is the sequence

Q2. On 1/1/20 Alpha Corp. issued a Note Payable tie , borrowed) when the interest rate was 7% compounded annually. Give below is the sequence of scheduled payments on the note The note is tradable. $ 100,000 Payments $10,000 $10,000 $10.000 0 1 2 3 (1/1/20) (12 31 20) (1231/21) (1231/23) Part 1. On 1/1/21 tie., right after the 1" payment), what is the book value of the Note Payable? First kerck the remaining obligation. Part 2. The interest rate prevailing on 1/121 is $". compounded annually. What is then the trading price of the note? Part 3. Continuing with the above, suppose Alpha buys the note back on 1/121 at the above trading trading price and retires it. Record Alpha's entry below (there may be extra rows). Enter titles of the accounts impacted in the first row or you will not get any credit. Assets Liabilities OF

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