Current Attempt in Progress

Pina Manufacturing Inc. intends to finance the acquisition of new manufacturing equipment that costs $$161,000$ by issuing a five$-$year,

$3\mathrm{.}50\%$ note payable. The note would be issued on January $1,2024.$ Pina's year end is December and the note would require annual

payments on December $31.$ The finance company has given Pina the choice of making blended payments of $$35,659,$ or making fixed

payments of $$32,200$ plus interest.

Assuming the blended payment option is selected, prepare the amortization table for the first two years of the note payable.

Record the issue of the note and the December $31,2024,$ payment under this alternative. $($Credit account titles are automatically

indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order

presented in the problem.$)$

Date

Account Titles

Debit

Cre