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Cucina Corporation signed a new installment note on January 1,2021 , and deposited the proceeds of $55,800 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 $55,800 in its bank account. The note has a 3-year term, compounds 6 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 an online application, such as the loan calculator with annual payments at mycalculatorscom, 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. If 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. Journal entry worksheet Record the signing of the installment note on January 1, 2021. Note: Enter debits before credits. Journal entry worksheet Record the installment payment on December 31, 2021. Note: Enter debits before credits. Journal entry worksheet Record the installment payment on December 31, 2022. Note: Enter debits before credits. Journal entry worksheet Record the installment payment on December 31, 2023. Note: Enter debits before credits. Journal entry worksheet Record the adjusting journal entry for this note on March 31, 2021. Note: Enter debits before credits

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