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34 help asap Required informetion [The following information applies to the questions displayed below] On January 1, 2021, Eagle Company borrows $100,000 cash by signing
34 help asap
Required informetion [The following information applies to the questions displayed below] On January 1, 2021, Eagle Company 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 2021 through 2024. Prepare the joumal entries for Eagle to record the note's issuance and eoch of the four payments: Note: Round your intermediate calculations and final answers to the nearest dollar amount. Journal entry worksheet 1 5 Hecord the payment of the fint installment payment of interest and principal on Decamber 31, 2021. Hese Enter ilebili before credits. Required informotion [The following information applies to the questions displayed below] On January 1, 2021, Eagle Company 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 2021 through 2024 Prepare the journal entries for Eagle to record the note's issuance and each of the four payments. Note: Round your intermediote calculations and final answers to the nearest dollar omount. Journal entry worksheet Step by Step Solution
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