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Use the following information for the Exercises below. Algo
The following information applies to the questions displayed below.
On January Eagle Company borrows $ cash by signing a fouryear, installment note. The note requires four equal payments of $ consisting of accrued interest and principal on December of each year from through
Exercise Algo Installment note amortization table LO C
Prepare an amortization table for this installment note.
Note: Round all amounts to the nearest whole dollar.
tablePaymentstablePeriod EndingDatetableA BeginningBalancetableB Debit InterestExpensetableC Debit NotesPayableD Credit Cash,tableE EndingBalanceTotal
