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ng Term Notes On November 1, 2017, Norwood borrows $400,000 cash from a bank by signing a five-year installment note note requires equal payments of

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ng Term Notes On November 1, 2017, Norwood borrows $400,000 cash from a bank by signing a five-year installment note note requires equal payments of $100,183 each year on October 31 (Table B1 factors) from the tables provided.) bearing 8% interest The Table B.3, and (Use appropriate Required: 1. Complete an amortization table for this installment note. 2. Prepare the journal entries in which Norwood records the following (a) Accrued interest as of December 31, 2017 (the end of its annual reporting period). (b) The first annual payment on the note. Complete this question by entering your answers in the tabs below Req 1 Req 2A and 2B Complete an amortization table for this installment note. (Round your intermediate calculations to the nearest dollar amount.) Ending Beginning Debit Interest Debit Notes Date Payable Credit CashEnding Balance Expense 10/31/2018 S 400,000 s 32.000 10/31/2019 10/31/2020 10/31/2021 10/31/2022 Total Rea 2A and 2B >

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