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Entries for installment Note Transactions On January 1 of Year 1, Bryson Company obtained a $55,000, four-year, 11% installment note from Campbell Bank. The note

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Entries for installment Note Transactions On January 1 of Year 1, Bryson Company obtained a $55,000, four-year, 11% installment note from Campbell Bank. The note requires annuw payments or $17,728, beginning on December 31 of Year 1. a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4. Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers Amortization of Intament de eBook Show Me How Calculator a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4. Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers. Amortization of Installment Notes Interest Expense January 1 Note Payment (11% of January 1 Decrease in December 31 For the Year Ending Carrying Amount (Cash Pald) Note Carrying Amount) Notes Payable Carrying Amount Year 1 Year 2 Year 3 Year 4 t. Journalte 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 bank Year 1 an Year 1 D.31 Year 1 Dec. 31 Year 2 Dec. 31 III III > Year 3 Dec. 31 Year 4 Dec 31 c. How will the annual note payment te reported in the year 1 income statement would be reported on the income stat

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