In payment the company issued an instalment note payable, Accounting Basics

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In payment the company issued an instalment note payable

Question:

A company bought a machine at a cost of sh 163980 on 15th June 2014. In payment the company issued an instalment note payable for this amount, plus interest at 12%p.a. this note was playable in 18 monthly installments starting on 1st July 2014.

Prepare a 12% note payable amortization table for 18 months?

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Accounting Basics: In payment the company issued an instalment note payable

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Accounting Basics: In payment the company issued an instalment note payable

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