Instructions

a$.$ Prepare an instalment payment schedule for the four$-$year loan period. Round all

amounts to the nearest dollar.

b$.$ Record the receipt of the bank loan on April $1,2023.$

c$.$ Record the first two instalment payments, on March $31,2024,$ and March $31,2025.$

d$.$ Show the statement of financial position presentation of the bank loan payable as at

March $31,2024.$