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Required information [The following information applies to the questions displayed beiow] On January 1, 2021, Eagle Company borrows $31,000 cash by signing a four-year, 8% instaliment note. The note requires four equal poyments of $9,360, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024 Prepare the joumat entries for Engle to record the note's issuance and each of the four payments. Note: Round your intermediate calculations and final answers to the nearest dollar amount. Journal entry worksheet Eagle borrews 531,000 cosh by signing a four:year, 8% instaliment note. fecord the issuance of the note on Jsnuary 1,2021 fwite tates debits before credth. [The following information applies to the questions displayed below] On January 1, 2021, Eagle Company borrows $31,000 cash by signing a four-year, 8% instaliment note. The note requires four equal payments of $9,360, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024 Prepare the journal entries for Eagle to record the note's issuance and each of the four payments. Note: Round your intermediate calculations and final answers to the nearest dollar amount. Journal entry worksheet 5 Record the payment of the first installment payment of interest and principal on December 31,2021. Note: Enter debits before credits [The following information applles to the questions displayed below] On January 1, 2021, Eagle Company borrows $31,000 cash by signing a four-year, 8% instaliment note. The note requires four equal payments of $9,360, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024 . Prepare the journal entries for Eagle to record the note's issuance and each of the four payments: Note: Round your intermediate calculations and final answers to the nearest dollar amount. Journal entry worksheet 5 Record the payment of the second installment poyment of interest and principal on December 31, 2022. The foliowing information applies to the questions displayed below) On January 1, 2021, Eagle Company 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 2021 through 2024 Prepare the journal entries for Eagle to record the note's issuance and each of the four payments. Note: Round your intermedlate calculations and final answers to the nearest dollar amount. Journal entry worksheet 5 Record the poyment of the third instaliment payment of interest and peincipal on December 31, 2023. [The following information applies to the questions displayed below] On January 1, 2021, Eagle Company borrows $31,000 cash by signing a four-year, 8% instaliment note. The note requires four equal payments of $9,360, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024. Prepare the journal entries for Eagle to record the note's issuance and each of the four payments. Note: Round your intermedlate calculations and final answers to the nearest dollar amount. Journal entry worksheet (1) 23 Record the payment of the fourth installment payment of interest and principal on December 31, 2024. (Hint: Make sure that the balance in Notes payable is $0 after this entry.) Note: Enter debits before credits