Entries for installment note transactions Journal Amortization Table Final Question Instructions Chart of Accounts Instructions On January 1 of Year 1 Bryson Company owned a 5141,500 four years installment note trom Campbell Bank. The gares payments of 512,722, beginning on December 31 Yeart Required a Prepare a table for this innote similar to the one presented in Jumate the ends to the wice of the note and the four and note pomments Refer to the Chart of Accounts for coet worting or account Desobe how the annual note payment would be reported on the Year 1 income statement Amortation Table a Prepare a table for this instaliment roles to the one presented in Ex Round amounts to the nearest doar Amortization of installment Notes E D Interest Expense Decrease in Notes Payable Note Payment Dec 31 Carrying Amount For the Year Ending Dec. 31 January 1 Carrying amount Prrinus Next a Prepare a table for the same note, mar to the one presented LX Round amounts to the nearest dollar Amortization of installment Notes D E Interest Expense Decrease in Notes Payable Dec 31 Carrying Amount A For the Year Ending Dec. 31 January 1 Carrying amount Year 1 $141,500 Note Payment 542 722 5 S Year 2 42,722 42.722 Year 3 Year 4 42.722 $170,888 Jual Journalize the entries for the issuance of the note and the four annual note payments Enferansactions for Year on page 10 of the Year 2 on page 12 Year 3 on page 15 and Year 4 on page 17 Refer to the Chart of Accounts for exact wording of account bles TAGE 10 JOURNAL ACCOUNTING EQUATION POST. REG DATE DELIT ASSETS DESCRIPTION CREDIT LABALTIES EQUITY 1 1 4 PAGE 12 ACCOUNTING EQUATION JOURNAL CREDIT LITIES ASSETS DENT EOLITY POSTRE DESCRIPTION DATE 1 Previous NE JOURNAL ACCOUNTING COLATION DATE DESCRIPTION DENT CREDIT DUTY 1 2 INGE ACCOUNTING EQUATION JOURNAL DET CREDIT ASSETS TOUT POSTRES LES DATE DESCRIPTION 1 2 3 NET ACCOUNTING EQUATION JOURNAL ASSETS CREDIT LILITIES LOUITY POST. REF. DENT DESCRIPTION DUATE WG 17 JOURNAL ACCOUNTING EQUATION DESCRIPTION DATE POST. REF DET ORENT ASSETS LIABILITIES EQUITY 1 Final Question c Describe how the annual note payment would be reported on the Year Tincome statement would be reported on the income statement Interest expense of s