Solution-Make amortization table on semi-annual payment

Make amortization table on semi-annual payment base for note

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Reference no: EM132784900

Mr. Shahid Iqbal bought furniture from ideal furniture for Rs. 700,000 from which paid Rs. 200,000 cash and for remaining amount through a promissory note with 10% per annum bases on January 31, 2005 for 3 years' period. Accounting Year ends on December 31.

Required:

Problem 1: Calculate Semi-Annual Installment amount.

Problem 2: Make Amortization table on Semi-Annual payment base for notes.

Problem 3: Make all necessary journal entries.

Reference no: EM132784900

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Make amortization table on semi-annual payment base for note

Reference no: EM132784900

Reference no: EM132784900

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