Exercise 14-11 Installment note entries LO C1 On January 1, 2017 Eagle borrows $31,000 cash by signing a four-year, 8% installment note. The note requires four equal payments of $9,360, consisting of accrued Interest and principal on December 31 of each year from 2017 through 2020. (Table B.1, Table B.2, Table B., and Table B.0) ( Use appropriate factors) 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.) 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, Journal entry worksheet 2 3 4 5 Eagle borrows $31,000 cash by signing a four-year, 8% installment note. Record the issuance of the note on January 1, 2017. Note: Enter debits before credits. Date 1 General Journal Jan 01 2017 Debit Credit Record entry Clear entry View general journal Journal entry worksheet