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Dandy Candy Amortization Table Cash Payment (Credit) Interest Expense (Debit) Reduction of Note Payable (Debit)...

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Accounting

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Dandy Candy Amortization Table Cash Payment (Credit) Interest Expense (Debit) Reduction of Note Payable (Debit) Note Payable Balance Period At issue 45,000 X $ 300.00 X $ 3,615 X $ 41,836 X 01/31/25 3,915 X 275.90 X 275.90 X 41,836 x 02/28/25 3,915 X 03/31/25 04/30/25 3,915 X 05/31/25 3,915 X 06/30/25 3,915 X 07/31/25 3,915 X 08/31/25 llllllllll 3,915 X lllll llllllll 09/30/25 3,915 X 10/31/25 3,915 X 11/30/25 35 X 12/31/25 Installment Notes Dandy Candy bought a delivery vehicle for $45,000 by issuing an 8% installment note on January. Dandy will make 12 monthly payments of $3,914.50 at the end of each month. Required: Prepare the amortization table using the effective interest rate method. Round your answers to two decimal places. And, round final year, if necessary, to complete the amortization. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "O". Dandy Candy Amortization Table

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