Down and agreed to accept the balance in ten equal

Reference no: EM131110875

On December 31, 2012, Barker Inc. provided consulting services to Carr Company at an agreed price of $403,005. Barker accepted $35,000.50 down and agreed to accept the balance in ten equal installments of $50,000 to be received each December 31, beginning December 31, 2013. An assumed interest rate of 6% is imputed.

Reference no: EM131110875

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