C On January 1, 2019, Eagle Company borrows $25,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $7,381, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare the journal entries for Eagle to record the note's issuance and the four payments. (Round your intermediate calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet 2 3 4 5 Eagle borrows $25,000 cash by signing a four-year, 7% installment note. Record the issuance of the note on January 1, 2019. Note: Enter debits before credits General Journal Debit Credit Date Jan 01, 2019 Record entry Clear entry View general Journal On January 1, 2019, Eagle Company borrows $25,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $7,381, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare the journal entries for Eagle to record the note's issuance and the four payments. (Round your intermediate calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet 2 3 4 5 Record the payment of the first installment payment of interest and principal on December 31, 2019. Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 2019 Record entry Clear entry View general Journal On January 1, 2019, Eagle Company borrows $25,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $7,381, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare the journal entries for Eagle to record the note's Issuance and the four payments. (Round your Intermediate calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet 2 3 4 5 Record the payment of the second installment payment of interest and principal on December 31, 2020. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2020 Record entry Clear entry View general Journal On January 1, 2019, Eagle Company borrows $25,000 cash by signing a four-year, 7% instaliment note. The note requires four equal payments of $7,381, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare the journal entries for Eagle to record the note's issuance and the four payments. (Round your intermediate calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 3 4 5 Record the payment of the third installment payment of interest and principal on December 31, 2021. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2021 Record entry Clear entry View general Journal On January 1, 2019, Eagle Company borrows $25,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $7,381, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare the journal entries for Eagle to record the note's Issuance and the four payments. (Round your intermediate calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet 2 3 4 5 Record the payment of the fourth installment payment of interest and principal on December 31, 2022 Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2022 Record entry Clear entry View general Journal
