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need b and c Access an online loan calculator with annual payments, such as the one at mysakulators com, to produce an amortization schedule for
need b and c
Access an online loan calculator with annual payments, such as the one at mysakulators com, to produce an amortization schedule for Welton Corporation's installment note that has original principal of $14,000, interest of 6% compounded annually, and a term of 3 years. Welton Corporation established the note on the first day of its fiscal year and will fully repay the note by the end of year 3 on its December 31 fiscal year-end, Prepare Weiton Corporation's journal entries on (a) January 1, Year 1, (b) December 31, Year 1 . (c) December 31, Year 2; and (c) December 31, Year 3 . (If no entry is required for o transoction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final onswers to the nearest dollar omount.) Step by Step Solution
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