On December 31, 2025, Tamarisk Inc. rendered services to Beghun Corporation at an agreed price of $104,948, accepting $40,600 down and agreeing to accept the balance in four equal installments of $20,300 receivable each December 31. An assumed interest rate of 10% is imputed. (a1) Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to O decimal places, eg. 5,275.) Date Cash Received December 31, 2025 Schedule of Note Discount Amortization Interest Revenue Decrease Carrying Amount Carryl Amount c

On December 31, 2025, Tamarisk Inc. rendered services to Beghun Corporation at an agreed price of $104,948, accepting $40,600 down and agreeing to accept the balance in four equal installments of $20,300 receivable each December 31. An assumed interest rate of 10% is imputed. (a1) Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers to O decimal places, eg. 5,275.) Date Cash Received December 31, 2025 Schedule of Note Discount Amortization Interest Revenue Decrease Carrying Amount Carryl Amount c

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Date
12/31/25
12/31/26 $
12/31/27
12/31/28
12/31/29
Casn
Received
Interest
Revenue
Decrease
Carrying Amount
S
Carryir
Amount of

On December 31, 2025, Tamarisk Inc. rendered services to Beghun Corporation at an agreed price of $104,948, accepting
$40,600 down and agreeing to accept the balance in four equal installments of $20,300 receivable each December 31. An assumed
interest rate of 10% is imputed.
(a1)
Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes. (Round answers
to O decimal places, eg. 5,275.)
Date
12/31/25
12/31/26
Cash
Received
December 31, 2025
Schedule of Note Discount Amortization
Interest
Revenue
Decrease
Carrying Amount
Carryin
Amount of

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