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41 On January 1 $46,000 cash is borrowed from a bank in return for a 12% installment note with 36 monthly payments of $1,528 each

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41 On January 1 $46,000 cash is borrowed from a bank in return for a 12% installment note with 36 monthly payments of $1,528 each (1) Prepare an amortization table for the first three months of this installment note. (2) Record the entry for issuance of the note. (3) Record the entry for the first interest payment and for the second interest payment Complete this question by entering your answers in the tabs below. 02.11.10 Required Required 2 Required Prepare an amortization table for the first three months of this instaliment note. (Round your answers to the nearest whole dollar) (A) Beginning Balance Payments (0) Debit interest (C) Debit Notes Expense Payable (D) Credit Cash Period Ending Date January 31 February 20 March 31 (E) Ending Balance Required 2 > On January 1, $46,000 cash is borrowed from a bank in return for a 12% installment note with 36 monthly payments of $1,528 each. (1) Prepare an amortization table for the first three months of this installment note (2) Record the entry for issuance of the note, (3) Record the entry for the first interest payment and for the second Interest payment. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Record the entry for Issuance of the note. View transaction fiat Journal entry worksheet 1 Record the entry for issuance of the note Note: inter debits before credits General Journal Debit Date January 01 Credit Record the first instaliment payment. Note: Enter debits before credits General Journal Debit Credit Date January 31

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