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On December 31, 2023. KEC Environmental Corp. borrowed $111,000 by signing a four-year, 10.0% Installment note. The note requires four equal payments of accrued interest

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On December 31, 2023. KEC Environmental Corp. borrowed $111,000 by signing a four-year, 10.0% Installment note. The note requires four equal payments of accrued interest and principal on December 31 of each year from 2024 through 2027. Use IABLE 14A.2, (Use appropriate factor(s) from the tables provided.) a. Calculate the size of each of the four equal payments. (Do not round intermediate calculations. Round the final answers to the nearest whole dollor.) b. Prepare an amortization table for this instaliment note, (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) c. Prepare journal entries that KEC Environmental Corp. would make to record the loan on December 31, 2023, and the four payments starting on December 31, 2024, through the final payment on December 31, 2027, (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Journal entry worksheet 5 Record the borrowal of 111,000 by signing a 10% installment note. Note: Enter debits befare credits. On December 31, 2023, Sack Port Ventures inc. borrowed $92.000 by signing a four year, 6.0% installment note. The note requires annual payments of accrued interest and equal amounts of principal on December 31 of each year from 2024 through 2027. o. How much principal will be included in each of the four payments? b. Prepare an amortization table for this installment note. (Round the final onswers to the nearest whole dollar. Enter all the amounts os positive volues.) c. Prepare joumal entries that Sack Port Ventures Inc. would make to record the loan on December 31, 2023, and the four payments starting on December 31, 2024, through the final payment on December 31, 2027. (Do not round intermediate calculations. Round the final answers to the nearest whole dollor.) Journal entry worksheet 5 Record the borrowal of $92,000 by signing a 6.0% instaliment note. Note: Eriter debits bofore credis

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