journalize

Instructions On January 1 of 2022, Hebron Company issued a 5231,000, five-year, 9% installment note to Ventsam Bank The note requires annual payments of $59.331, beginning on December 31 of 2042 Journalize the entries to record the following transactions. Refer to the Chart of Accounts for exact wording of account the 2012 Jan 1 Issued the nate for cash at its face amount 31 Paid the annual payment on the note, which consisted of interest of 820 780 and principal of 838,506 Dec 2045 Dec 31 Paid the annual payment on the note, which included $9.402 of interest. The remainder of the payment reduced the principal balance on the note. Previous Check My Work 4 more Check My Work uses remaining