On January 1 , 2 0 2 1 , Eagle Company borrows $ 3 1 , 0
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Question:
On January Eagle Company borrows $ cash by signing a fouryear, installment note. The note requires
four equal payments of $ consisting of accrued interest and principal on December of each year from
through
Prepare the journal entries for Eagle to record the note's issuance and each of the four payments.
Note: Round your intermediate calculations and final answers to the nearest dollar amount.
Answer is not complete.
Please help me with the debit and credit entries.
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