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Cucina Corporation signed a new installment note on January 1, 2021, and deposited the proceeds of $55,000 in its bank account The note has a

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Cucina Corporation signed a new installment note on January 1, 2021, and deposited the proceeds of $55,000 in its bank account The note has a 3 year term, compounds 5 percent interest annually, and requires an annual installment payment on December 31 Cucina Corporation has a December 31 year end and adjusts its accounts only at year-end Required: 1. Use on online application, such as the loan calculator with annual payments at mycalculators.com, to complete the amortization schedule 2. Prepare the journal entries on (a) January 1, 2021, and December 31 of (b) 2021 (c)2022, and (d) 2023 3. 11 Cucina Corporation's year end were March 31, rather than December 31, prepare the adjusting Journal entry it would make for this note on March 31, 2021 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Use an online application, such as the loan calculator with annual payments at mycalculators.com, to complete the amortization schedule. (Do not round intermediate calculations, Round final answers to nearest whole dollar) Repald Beginning Interest Principal on Ending Notes Payable Expense Notes Payable Notes Payable Year 2021 $ 55,000 Year 2022 Year 2023 S os RA Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 K Prepare the journal entries on (a) January 1, 2021, and December 31 of (b) 2021, (c) 2022, and (d) 2023. (Do not round im calculations. Round final answers to nearest whole dollar. If no entry is required for a transaction/event, select "No Journal Required" in the first account field.) View transaction list ces Journal entry worksheet 1 2 3 4 Record the signing of the installment note on January 1, 2021. Note: Enter debits before credits General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general Journal Prepare the journal entries on (a) January 1, 2021, and December 31 of (b) 2021, (c) 2022, and (d) 2023. (Do not round intermediate calculations. Round final answers to nearest whole dollar. 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

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