Check my work 11 E9-24 (Algo) Computing Future Values: Recording Growth in a Savings Account with Equal Periodic Payments LO 9-7 91 points At the end of cach year, you plan to deposit $3.100 in a savings account. The account will earn 7% annual interest, which will be added to the fund balance at year-end. The first deposit will be made at the end of Year 1. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) X 00:44:32 Required: 1. Assume you follow GAAP. Prepare the required journal entry at the end of Year 1. 2. What will be the balance in the savings account at the end of the 10th year (i.e., after 10 deposits)? 3. What is the interest earned on the 10 deposits? 4. How much interest revenue did the fund earn in the second year? In the third year? 5. Assume you follow GAAP. Prepare the all required journal entries at the end of the second and third years. Complete this question by entering your answers in the tabs below. Req1 Reg 2 and 3 Reg 4 Reg 5 Prepare the required journal entry at the end of Year 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the required journal entry on December 31, Year 1. Check my work 11 Complete this question by entering your answers in the tabs below. Req1 Req 2 and 3 Reg 4 Reg 5 9.1 points Prepare the required journal entry at the end in the first account field.) Year 1. (If no entry is required for a transaction/event, select "No journal entry required" X 00:44:03 View transaction list Journal entry worksheet 1 Record the required journal entry on December 31, Year 1. Note: Enter debits before credits General Journal Debit Credit Date December 31 Record entry Clear entry Vlew general Journal