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Cowboy Ice Cream Company Issued a note payable on January 1, Year 1. Below you will find a partial amortization schedule for the 5 year

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Cowboy Ice Cream Company Issued a note payable on January 1, Year 1. Below you will find a partial amortization schedule for the 5 year note payable. Required 0. Using a financial statements model like the one shown, record the appropriate amounts for the following two events: (1) January 1, Year 1 , issue of the note payable. (2) December 31, Year 1, payment on the note payable. b. What is the amount of interest expense on this loan for Year 4 ? Complete this question by entering your answers in the tabs below. Using a financial statements model like the one shown, record the appropriate amounts for Ithe following two events: (Enter any decreases to account balances with a minus sign. Not all cells will require entry.) (1) January 1 , Year 1 , issue of the note payable. (2) December 31, Year 1 , payment on the note payable. Complete this question by entering your answers in the tabs below. Using a financial statements model like the one shown, record the appropriate amounts for the following two events: (Enter any decreases to account balances with a minus 5ign. Not all cells will require entry.) (1) January 1, Year 1 , issue of the note payable. (2) December 31, Year 1, payment on the note payable. Complete this question by entering your answers in the tabs below. What is the amount of Interest expense on this loan for Year 4 ? (Round your answers to the nearest whole dollar amount.)

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