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daydreaming of those days a bit as he and Suzie Tony's favorite memories of his childhood were the times he spent with his dad at
daydreaming of those days a bit as he and Suzie Tony's favorite memories of his childhood were the times he spent with his dad at camp. Tony wonderful piece of property for sale. He turned to Suzie and said, "I've always wanted to start a camp where families could get away and spend some quality time together. If we just had the money, I know this would be the perfect place. They called several banks and on January 1, 2020, Great Adventures obtained a $430,000, 6%, 8-year install ment loan from Summit Bank. Payments of $5,651 are required ed along a nature trail and came the end of each month over the life of the 8-year loan. Each monthly payment of $5,651 includes both interest expense and principal payments (i.e., reduction of the loan amount). Late that night Tony exclaimed, "$430,000 for our new camp, this has to be the best news ever." Suzie snuggled close and said, "There's something else I need to tell you, Tony, I'm expecting!" They decided right then, if it was a boy, they would name him Venture. Required: 1. Complete the first three rows f an amortization table. nterest becrease inCarrying Value Date Cash Paid Ca 01/01/2020 01/31/2020 02/28/2020 , 2020, and the first two payments on January 31, 2020, and February 28, 2020. (If no entry is required for a particular transaction, select "No journal entry 2. Record thenote pay required" in th ry unt field.) View transaction list Journal entry worksheet 1 3 Record the issuance of note payable. Note: Enter debits before credits. Date Debit Credit General Journal January 01, 2020 Clear entry View general journal Record entry
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