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Company borrowed $750,000 by issuing a 9%, 5-year installment loan on July 1. The note includes payments every year on June 30. Company prepares financial

Company borrowed $750,000 by issuing a 9%, 5-year installment loan on July 1. The note includes payments every year on June 30. Company prepares financial statements annually. Prepare the amortization table. Prepare the necessary journal entries for the note for July 1, Year 1 through July 1 of Year 2. What is the journal entry for June 30 of Year 2

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