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Exercise 14-11 Installment note entries LO C1 On January 1, 2 17, Eagle borrows sso o cash by signing a four-year, 7% installment note. The

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Exercise 14-11 Installment note entries LO C1 On January 1, 2 17, Eagle borrows sso o cash by signing a four-year, 7% installment note. The note requires four equal payments of 510,333, consisting of accrued interest and principal on December 31 of each year from 2017 through 2020 (Table B.1. Table B.2. Table B.3, and Table 8.4) (Use appropriate factor(s) from the tables provided. Round your intermediate calculations and final answers to the nearest dollar amount. Round all table values to 4 decimal places, and use the rounded table values in calculations.) 15 points Prepare the journal entries for Eagle to record the loan on January 1, 2017, and the four payments from December 31.2 December 31, 2020

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