Exercise 14-11 Installment note entries LO C1 On January 1 2017. Eagle borrows $24,000 cash by signing a four-year, 8% Installment note. The note requires four equal payments of $7246, consisting of accrued interest and principal on December 31 of each year from 2017 through 2020. Cable 1. Table B 2 Table 8.3, and Table 34 (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.) 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 View transaction list View journal entry worksheet x General Journal Credit No 1 Date Jan 01, 2017 Debit 24,000 Cash Notes payable 2 Dec 31, 2017 s Interest expense Notes payable Cash III 3 Dec 31, 2018 Interest expense Notes payable Cash IL Dec 31, 2019 Interest expense Notes payable Cash 5 Dec 31, 2020 Interest expense Notes payable Cash