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! Required information Use the following information for the Exercises below. (Algo) ...

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Accounting

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Required information
Use the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
On January 1,2021, Eagle Company borrows $26,000 cash by signing a four-year, 8% installment note. The note requires four equal payments of $7,850, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024.
Exercise 14-12(Algo) Installment note amortization table LO C1
Prepare an amortization table for this installment note.
Note: Round all amounts to the nearest whole dollar.
\table[[Payments],[\table[[Period Ending],[Date]],\table[[(A) Beginning],[Balance]],\table[[(B) Debit Interest],[Expense]],\table[[(C) Debit Notes],[Payable]],(D) Credit Cash,\table[[(E) Ending],[Balance]]],[2021,,,,,],[2022,,,,,],[2023,,,,,],[2024,,,,,],[Total,,,,,]]
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