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EX 14-11 Entries for issuing installment note transactions On January 1, 2012, Averill Company issued a $120,000, 8-year, 10% installment note from Deacon Bank. The

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EX 14-11 Entries for issuing installment note transactions On January 1, 2012, Averill Company issued a $120,000, 8-year, 10% installment note from Deacon Bank. The note requires annual payments of $22,493, beginning on December 31, 2012. Journalize the entries to record the following

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