t Note a. Prepare an amortization table for this installment note, similar to the one...
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Accounting
t Note a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4, Note: Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers. In Year 4, round the amount in the Decrease in Payable column either up or down to ensure that the Carrying Amount zeroes out EndingJanuary December Note Payment (Cash Pald) Decrease in eber 31 Notes Payable Carrying Carrying Amount Amount) Year 2
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