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On January 1, a company borrowed cash by issuing a $300,000,5%, installment note to be paid in three equal payments at the end of each year beginning December 31 . Note: Use tables, Excel, or o financial calculotor. (FV of \$1. PV of \$1. FVA of \$1. PVA of \$1, FVAD of \$1 and PVAD of \$1) What would be the amount of each instaliment? Prepare an amortization table for the instaliment note. Prepare the joumal entry for the second installment payment. Complete this question by entering your answers in the tabs below. Prepare an amortization table for the installment note. Note: Round your intermediate and final answers to the nearest whole dollar. Complete this question by entering your answers in the tabs below. Prepare the journal entry for the second installment payment: Note: Round your intermediate calculations to the nearest dollar amount. Round finat answers to the nearest whole dollar. If no entry is required for a transactionyevent, select "No journal entry required" in the first account field. Journal entry worksheet On January 1, a company borrowed cash by issuing a $300,000,5%, installment note to be paid in three equal payments at the end of each year beginning December 31 Note: Use tables, Excel, or a financial calculator. (FV of S1, PV of S1. FVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1) What would be the amount of each installment? Prepare an amortization table for the installment note Prepare the journal entry for the second instaliment payment. Complete this question by entering your answers in the tabs below. What would be the amount of each instaliment? Note: Round your final answer to the nearest whole dollar

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