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Entries for installment note transactions On January 1 of Year 1 , Bryson Company obtained a $ 3 3 , 0 0 0 , 4

Entries for installment note transactions
On January 1 of Year 1, Bryson Company obtained a $33,000,4-year, 8% installment note from Campbell Bank. The note requires annual payments of $9,963, beginning on December 31 of Year 1. the nearest whole dollar. If an amount box does not require an entry, leave it blank.
\table[[Amortization of Installment Notes],[\table[[For the Year],[Ending Dec. 31]],\table[[January 1],[Carrying Amount]],\table[[Note Payment],[(Cash Paid)]],\table[[Interest Expense],[(8% of January 1],[Note Carrying Amount)]],\table[[Decrease in],[Notes Payable]],\table[[December 31],[Carrying Amount]]],[Year 1,,,$,$,],[Year 2,,,,,],[Year 3,,,,,],[Year 4,,,,,],[,,$,$,$,]]
b. Journalize the entries for the issuance of the note and the four annual note payments. If an amount box does not require an entry, leave it blank.
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