Saxophone Company

1
Aqusition Cost 2,370,000
2
Acquisition cost 2,370,000
Less: Down Payment 300,000
Amount N/P 2,070,000

FV N/P 3,104,160
Amount NP 2,070,000
Discount N/P 1,034,160
3
N/P Jan 1 2018 3,104,160
Discount N/P 1,034,160
CA N/P 2,070,000
Interest % 10%
Interest Expense 2018 207,000
4
N/P Jan 1 2018 3,104,160
Less: Payment 2018 388,020