sandhill company receives a three-year, $12,000, zero-interest-bearing note, and the related present value with a...
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sandhill company receives a three-year, $12,000, zero-interest-bearing note, and the related present value with a market interest rate of 9% is $9266.16. The total discount of $2,733.84 under the straight-line method is amortized over the three-year period in equal amounts each year. Therefore, the annual amortization is $2733.84 / 3 or $911.28, prepare the entry to record the annual interest for year 1 and 2 under the straight-line method and the effective method
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