Question: Show all work 12. Use the following information On January 1, 2016, Blair Company issued a $100,000 face value long-term note to National Bank. The
12. Use the following information On January 1, 2016, Blair Company issued a $100,000 face value long-term note to National Bank. The note had a 9% annual interest rate and a five-year term. The loan agreement called for five equal payments of $25,709 to be made on December 3 1 of each year. Prepare the Amortization Schedule: (worth 16 points) Principal Interest Principal Principal Period Balance (Beg) Payment Expense Repayment Balance (End)
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