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a) Prepare an amortization table to show the initial loan balance, for for the first three monthly payments, show interest new balance for a ten

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a) Prepare an amortization table to show the initial loan balance, for for the first three monthly payments, show interest new balance for a ten year, $100,000, 6% loan take out on August 1, 2019. The monthly payment amount is S111021. b) Prepare journal entries for the first three payments. c) Calculate the total interest on the loan. d) Assume that on November 1, 2019, the company paid an additional $10.000 toward the principal of the loan. 1-Prepare the journal entry for the extra payment. 2-When will the next payment be due? 3-Prepare the journal entry for the next loan payment

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