Entries for Totalment Note Transactions On January 1, 2012, Hebron Company moved a $71,000, 4.vear, 11 installment note to Ventsam lank. The note requires annual payments of $22,865, beginning on December 31, 2012 Journiture the entries to record the following 2012 Jan. 1 Issued the note for cash at as face amount Dec 31 Paid the annual payment on the note, which consisted of interest of $7,810 and principal of $15,075 2045 Dec 31 Paid the annual payment on the note, included interest of $2,268. The remainder of the payment reduced the principal balance on the note. Issued the note for cash at its face amount. It an amount bow does not require an entry, leave it blank 2012 Jan. 1 Paid the annual payment on the note, which consisted of interest of $7,810 and principal of $15,075, If an amount box does not require an entry leave it blank 2012 Dec. 31 Paid the annual payment on the note. Included interest of $2,268. The remainder of the payment reduced the principal balance on the note. If an amount box does not require an entry, leave it blank 2015 Dec. 31