Cucina Corporation signed a new installment note on January and deposited the proceeds of $ in its bank account. The
note has a year term, compounds percent interest annually, and requires an annual installment payment on December Cucina
Corporation has a December yearend and adjusts its accounts only at yearend.
Required:
Use an online application, such as the loan calculator with annual payments at
mycalculators.com, to complete the amortization
schedule.
Prepare the journal entries on a January and December of bc and d
If Cucina Corporation's yearend were March rather than December prepare the adjusting journal entry it would make for this
note on March
Complete this question by entering your answers in the tabs below.
Use an online application, such as the loan calculator with annual payments at
mycalculators.com, to complete the
amortization schedule. Do not round intermediate calculations. Round final answers to nearest whole dollar.
