Question 9 of 9 < > 1.75/6 E Prepare the entry that would be recorded by...

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Question 9 of 9 < > 1.75/6 E Prepare the entry that would be recorded by Sunland Inc. for the sale on December 31, 2025. (Round answers to O decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Question 9 of 9 On December 31, 2025, Sunland Inc. rendered services to Beghun Corporation at an agreed price of $106,131, accepting $41,600 down and agreeing to accept the balance in four equal installments of $20,800 receivable each December 31. An assumed interest rate of 11% is imputed. planation vable Debit Credit A1600 106131 (a1) Your Answer Correct Answer Your answer is correct. Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to O decimal places, e.g. 5,275.) eTextbook and Media Solution December 31, 2025 Schedule of Note Discount Amortizati Assistance Used To record revenue at the present value of the note plus the immediate cash payment: Date Cash Received Interest Revenue D Carry 12/31/25 PV of $20,800 annuity at 11% for 4 years ($20,800 3.10245) Down payment $64,531 SUPPORT 41,60 12/31/26 20800 SUPP 7098 Capitalized value of services $106,131 12/31/27 20800 5591 Question 9 of 9 < > 1.75/6 E Prepare the entry that would be recorded by Sunland Inc. for the sale on December 31, 2025. (Round answers to O decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Question 9 of 9 On December 31, 2025, Sunland Inc. rendered services to Beghun Corporation at an agreed price of $106,131, accepting $41,600 down and agreeing to accept the balance in four equal installments of $20,800 receivable each December 31. An assumed interest rate of 11% is imputed. planation vable Debit Credit A1600 106131 (a1) Your Answer Correct Answer Your answer is correct. Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to O decimal places, e.g. 5,275.) eTextbook and Media Solution December 31, 2025 Schedule of Note Discount Amortizati Assistance Used To record revenue at the present value of the note plus the immediate cash payment: Date Cash Received Interest Revenue D Carry 12/31/25 PV of $20,800 annuity at 11% for 4 years ($20,800 3.10245) Down payment $64,531 SUPPORT 41,60 12/31/26 20800 SUPP 7098 Capitalized value of services $106,131 12/31/27 20800 5591