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16 The following amortization schedule indicates the interest and principal to be repaid on an installment note established January 1, 2018, for a company with

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16 The following amortization schedule indicates the interest and principal to be repaid on an installment note established January 1, 2018, for a company with a March 31 year-end. Interest Expense Year 680 Beginning Natr Payable 17.000 12,997 2,B33 4,503 Repaid Principal on Note Payable 4.003 4,164 4,330 4,503 17,000 Ending Note Payable 12.997 B.933 4,503 & 01:35:46 180 1,733 Total Required: 1. Assurning the company makes the required annual payments on December 31, use the amortization schedule to determine (a) the amount of the (rounded) annual payment, (b) the amount of Interest Expense to report in the year ended March 31, 2018. (the amount of Interest Expense to report in the year ended March 31, 2019, (d) the Note Payable balance at January 1, 2021, and (e) the total interest and total principal paid over the note's entire life. 2. Assuming the company makes adjustments at the end of each quarter, prepare the journal entries required on (a) January 1, 2018, and (b) March 31, 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming the company makes adjustments at the end of each quarter, prepare the journal entries required on (a) January 1, 2018, and (b) March 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) (a) Annual Payment (b) Interest Expense March 31, 2018 (c) Interest Expense March 31, 2019 1 Complete this question by entering your answers in the tabs below. 16 Required 1 Required 2 (8 01:35:32 Assuming the company makes the required annual payments on December 31, use the amortization schedule to determine (a) the amount of the (rounded) annual payment, (b) the amount of Interest Expense to report in the year ended March 31, 2018, (c) the amount of Interest Expense to report in the year ended March 31, 2019, (d) the Note Payable balance at January 1, 2021, and (e) the total interest and total principal paid over the note's entire life. (Round your answers to the ne Show less View transaction list Journal entry worksheet

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