Check my world 7 On January 1, a company borrowed cash by issuing a $370,000, 5%, installment note to be paid in three equal payments at the end of each year beginning December 31. (FV of $1, PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) What would be the amount of each installment? Prepare an amortization table for the installment note. Prepare the journal entry for the second installment payment. 1 points Skipped Complete this question by entering your answers in the tabs below. eBook Annual General Payment Amort Table Journal What would be the amount of each installment? (Round final answer to the nearest whole dollar.) Annual Payment Print References Annual Payment Amort Table > Annual Payment Amort Table General Journal Prepare an amortization table for the installment note. (Round your intern dollar.) Cash Payment Interest Expense Decrease in Balance Outstanding Balance $ 370,000 1 2 3 Total Journal entry worksheet Record the second installment payment. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general Journal