Exercise 10-13 Installment note entries LO C1 On January 1, 2019, Eagle Company borrows $34,000 cash by signing a four-year, 5% installment note. The note requires four equal payments of $9,588, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare the journal entries for Eagle to record the note's issuance and the four payments. (Round your intermediate calculations and final answers to the nearest dollar amount.) Debit Credit No Date General Journal 34,000 1 Jan 01.2019 Cash Notes payable 34,000 2 Dec 31, 2019 Notes payable Interest expense Cash 7,888 1,700 9,588 3 Dec 31, 2020 Notes payable Interest expense Cash 9,588 4 Dec 31, 2021 Notes payable Interest expense Cash 9,588 5 Dec 31, 2022 Notes payable Interest expense Cash 9,588