Prepare an amortization schedule for a three-year loan of $69,000..pdf
Prepare an amortization schedule for a three-year loan of $69,000..pdf
Prepare adjusting entries for the following transactions. (List all debit entries before credit entries. Credit account tittes are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts.) 1. Depreciation on equipment is $1,288 for the accounting period. 2. Interest owed on a loan but not paid or recorded is $268. 3. There was no beginning balance of supplies and $528 of office supplies were purchased during the period: At the end of the period $96 of supplies were on hand. 4. Prepaid rent had a $960 normal balance prior to adjustment. By year end $672 had expired. 5. Salaries incurred by year-end but not yet paid or recorded amounted to $864..
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Prepare an amortization schedule for a three-year loan of $69,000..pdf
- 1. Prepare an amortization schedule for a three-year loan of $69,000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? (Leave no cells blank. Enter ' O ' where necessary. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)