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pls and thank you i rate On January 1,...

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Accounting

pls and thank you i rate
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On January 1, 2024, Cicero Corporation borrowed $27 million from a local bank to construct a new building over the next three years. The loan will be paid back in three equal installments of $10.476,905 on December 31 of each year. The payments include interest at a rate of 8%. Create an amortization schedule for this loan on scratch paper. Use amounts from the amortization schedule to record each nstallment payment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first. iccount field. Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000.).) Journal entry worksheet Record the payment of first annual installment on the note payable. Journal entry worksheet Record the payment of second annual installment on the note payable. Note: Enter debits before credits. Journal entry worksheet 1 Record the payment of third annual installment on the note payable. Note: Enter debits before credits

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