Prepare the amortization schedule

Reference no: EM13755668

On December 31, 2014 Barker Inc. provided consulting services to Carr Company at an agreed price of $141,513. Barker accepted $30,000 down and agreed to accept the balance in four equal installments of $30,000 to be received quarterly (March 31, 2015; June 30, 2015; September 30, 2015; and December 31, 2015). An assumed annual interest rate of 12% is imputed.

Instructions:

Using Excel, prepare the amortization schedule and then record all required journal entries that would be made by Barker on the following dates (a) December 31, 2014 (b) March 31, 2015; (c) June 30, 2015; (d) September 30, 2015; and (e) December 31, 2015.

Reference no: EM13755668

Questions Cloud

Write a c++ program to calculate the sum : The list of all natural numbers less than 10 that are multiples of 3 or 5 is 3,5,6,9. The sum of these multiples is 23. Write a C++ program to calculate the sum of all such multiples less than 1,000.

Evaluate the price elasticity of demand : The company was considering a price increase and wished to determine the price elasticity of demand (arc elasticity of demand) - employed by the EF Pencil Co. and sent to to cause as much trouble as possible.

Required journal entries that would be made by barker : Using Excel, prepare the amortization schedule and then record all required journal entries that would be made by Barker on the following dates (a) December 31, 2014 (b) March 31, 2015; (c) June 30, 2015; (d) September 30, 2015; and (e) December 3..

Write an essay on the impact of religious reform movements : Write an essay on The impact of religious reform movements in Christianity and Islam.

Prepare the amortization schedule : Using Excel, prepare the amortization schedule and then record all required journal entries that would be made by Barker on the following dates (a) December 31, 2014 (b) March 31, 2015; (c) June 30, 2015; (d) September 30, 2015; and (e) December 3..

Write an essay on scientific revolution occur in europe : Write an essay on scientific revolution occur in Europe rather than in china or islamic world.

Explain transatlantic slave trade impact on europe : Explain Transatlantic slave trade impact on Europe versus the slaves in African societies. In the first part of this course, the Early Modern Era (1450-1750), one of the main themes is the beginnings of globalization.

Additional piece of information : Give one additional piece of information related to the transaction that could be recorded in an information system for a purpose other than the financial statements.

A british physician who was pioneer in reducing deaths : 8. John Lister (for whom Listerine is named) was a British physician who was pioneer in reducing deaths of surgical patients from infections. He suspected that bacteria were involved in transmitting infection, so he tried using carbolic acid as an op..

User Account

All Pages