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Monthly Loan Borrow $100,000 for led years at 6% Intres with monthly payements of 1,110.21 (worn th two decimal places here) Borowing Date Dr. Cash

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Monthly Loan Borrow $100,000 for led years at 6% Intres with monthly payements of 1,110.21 (worn th two decimal places here) Borowing Date Dr. Cash $100,000 Cr. Notes Payable $100,000 Up front, we prouare ar Amortization schedule for the line of the loan. (6% ten year) (1) complete the chart for the first three months of the loan (2) Then assame on 4/1/2021 the company paid an additional payoones 0% 3,000 that will go toward the principal of the loan. Fill to the appropiate amounts on the chart When will the next payment be doe? How much will it be for? How will that payment be split in terms of otrest and principal? .complete the last line orahe charts inceding entering the date) 9) prepare journal entries only for the initial loan, the rirst two payements and the auditional payerrent SHOW ALL SUPPORTING CALCULATIONS - Date Beginning Loan Debit) ccredit) ending Balance Interest Loan Ruyable cash Balance Expense 0 - 11/21 1/21/21 12/28/21 3/31/21 4/1/21 Journal Entries Date Account Debt Crede sao san 3) Feb 28 Apni

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