Entries for Instaliment Note Transactions On January 1 of Year 1, Bryson Company obtained a $33,000, four-year, 8% instaliment note from Campbell Bank; The note requires annual parments of s9,963, beginning on December 31 of Year 1 . a. Prepare an amortization table for this instaliment note, similar to the one presented in Exh bit 4. Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers: Feedthack F Check My Wor of the note decreases each year as principal is repaid, which decreases the interest. After the final payment, the carrying amount on the note is zero, indicating that the note has been paid in ful. The cash payment is the same in each year. The interest and principal repayment, however, change cach year. This is because the carrying amount (bock value) of the note decreases each year as principal is repaid, which decreases the interest. After the final payment, the carrying amount on the note is zero, indicating that the note has been paid in full. Learning Objective 4 Exhibit 4 Alocation of Periodic Payments * Rounded ( $5.374 - 55.698). b. Journblize the entries for the issuance of the mok and wi. w.w. aumen ayments. If an amount box does not require an entry leave it blsik. Entries for Instaliment Note Transactions On January 1 of Year 1, Bryson Company obtained a $33,000, four-year, 8% instaliment note from Campbell Bank; The note requires annual parments of s9,963, beginning on December 31 of Year 1 . a. Prepare an amortization table for this instaliment note, similar to the one presented in Exh bit 4. Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers: Feedthack F Check My Wor of the note decreases each year as principal is repaid, which decreases the interest. After the final payment, the carrying amount on the note is zero, indicating that the note has been paid in ful. The cash payment is the same in each year. The interest and principal repayment, however, change cach year. This is because the carrying amount (bock value) of the note decreases each year as principal is repaid, which decreases the interest. After the final payment, the carrying amount on the note is zero, indicating that the note has been paid in full. Learning Objective 4 Exhibit 4 Alocation of Periodic Payments * Rounded ( $5.374 - 55.698). b. Journblize the entries for the issuance of the mok and wi. w.w. aumen ayments. If an amount box does not require an entry leave it blsik