Exercise 10-11 Installment note entries LO C1 On January 1, 2017, Eagle borrows $18,000 cash by signing a four year, 9% installment note. The note requires four equal payments of $5,556, consisting of accrued interest and principal on December 31 of each year from 2017 through 2020. (Round your intermediate calculations and final answers to the nearest dollar amount.) Prepare the journal entries for Eagle to record the loan on January 1, 2017, and the four payments from December 31, 2017, through December 31, 2020. Answer is not complete. No Credit General Journal Date Jan 01, 2017 Debit 18.000 1 Casts . 18,000 Notes payable 2. Dec 31, 2017 1,620 3,99 Interest expense Noles payable Cash OOO 5556 3,936 3 Dec 31, 2018 Interest expense Notes payable Cash 5556