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Exercise 10-6 On July 1, 2017, Granville Ltd borrowed $15,400 bry signing a two-year,4% note payable. The note is payable in two annual blended pridalandheres instalmer June 30. Adjusting journal entries are recorded annually at year end on December 31- Your answer is partially correct. Try again. Prepare an instalment payment schedule for the term of the note. (Round answers to the nearest whole dollar .. 5,25.5.) Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance July 1, 2017 June 30, 2018 June 30, 2019 SLONDON Your answer is correct