A partial amortization schedule for a $10-$year note payable issued on January $1,$ Year $1,$ is shown next.

$\backslash$table$[[\backslash$table$[[$Accounting$],[$Period$]],\backslash$table$[[$Principal Balance$],[$January $1]],$Cash Payment,$\backslash$table$[[$Applied to$],[$Interest$]],\backslash$table$[[$Applied to$],[$Principal$]]],[$Year $1,$$$390,000,$$$50,507,$$$19,500,$$$31,007$