14-10 On 1/1/2017 Eagle borrows $200,000 for 4 Years at 7% by signing an Installment Note.
Annual Payments are to be $59,046. Prepare an amortization table for this installment note. 14-11 Use the information in Exercise 14-10 to prepare journal entries for Eagle to record the loan on January 1, 2017 and each of the four payments from December 31,2017 through December 31, 2020.

Exercise 14-10 Installment note amortization table C1Q On January 1, 2017, Eagle borrows $100,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $29,523, consisting of accrued interest and principal on December 31 of each year from 2017 through 2020. Prepare an amortization table for this installment note like the one in Exhibit 14.12