Nov. 1 Paid the interest on the bonds. 2045 Nov. 1 Called the bond issue at 96, the rate provided in the bond Indenture. (Omit entry for payment of interest.) Issued the bonds for cash at their face amount. 20Y1, May 1 - Paid the interest on the bonds. 20Y1, Nov. 1 Called the bond issue at 96, the rate provided in the bond Indenture. (Omit entry for payment of interest.) For a compound transaction, if an amount box does not require an entry, leave it blank. 20Y5, Nov. 1 Entries for installment Note Transactions On January 1, Year 1, Bryson Company obtained a $47,000, four-year, 9% installment note from Campbell Bank. The note requires annual payments of $14,507, beginning on December 31, Year 1. a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4. Note: Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers. In Year 4, round the amount in the Decrease in Notes Payable column either up or down to ensure that the Carrying Amount zeroes out. Ending December Amortization of Installment Notes Interest Expense (9% of January 1 Note Payment Note Carrying (Cash Paid) Amount) January 1 Carrying Amount Decrease in Notes Payable December 31 Carrying Amount 31 Year Year 2 Year 3 Year a b. Journalize the entries for the issuance of the note and the four annual note payments. Note: For a compound transaction, an amount box does not require an entry, leave it blank. For the Year 4 entry (due to rounding), adjust Notes Payable up or down to ensure that debits equal credits Year 1 Jan. 1 Year 1 Dec. 31 Year 2 Dec. 31 Year 1 Dec. 31 Year 2 Dec. 31 01 III III III GII III III Year 3 Dec. 31 Year 4 Dec. 31 - c. How will the annual note payment be reported in the Year 1 income statement? of would be reported on the income statement