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If you could show how you got the calculations that would be great! thanks! Required information (The following information applies to the questions displayed belowj)
If you could show how you got the calculations that would be great! thanks!
Required information (The following information applies to the questions displayed belowj) On January 1, 2024, Evanston Corporation borrowed $13 milion from a local bank to construct a new building over the next three years. The loan will be pald back in three equal installments of $5,135,712 on December 31 of each yeac. The payments include interest at a tate of 9%. Create an amortization schedule for this loan on scratch paper. Use amounts from the amortization schedule to record each installment payment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answer in dollars, not millions. (..e. $5,5 million should be entered a5 5,500,000.).) Journal entry worksheet Record the payment of first annual instailment on the note payable. Fothi: fromer debats befare create. Journal entry worksheet Record the payment of second annual installment on the note payable. Note: Enter debits before credits. Journal entry worksheet Record the payment of third annual installment on the note payable. Note: Enter debits before credits Step by Step Solution
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