Entries for installment note transactions On January 1, 20Y2, Hebron Compary issued a $175,000,5-year, 8% instaliment note to Ventsam Bank. The note requires annual payments of $43,830, beginning on December 31,20rz Journalize the entries to record the following: 20r2 Jan. 1. Issued the note for cash at its face amount. Dee 31. Paid the annual payment on the note, which consisted of interest of $14,000 and principal of $29,830. 20Y5 Dee 31. Paid the annual payment on the note, including $6,253 of interest. The remainder of the payment reduced the principal balance on the note. Issued the note for cash at its face amount. If an amount box does not require an entry, leave it blank. Fetobea: Theck Mr work Since the note is issued at face value, there is no discount to record. Paid the annual payment on the note, which consisted of interest of $14,000 and principal of $29,830. If an amount box does not require an entry, leave it biank. 202 Dec. 31 1 more Check My Work user remuining