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On January 1, 2017, Eagle borrows $20,000 cash by signing a four-year, 7% Installment note.. The note requires four equal payments of $5,905, conslsting accrued

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On January 1, 2017, Eagle borrows $20,000 cash by signing a four-year, 7% Installment note.. The note requires four equal payments of $5,905, conslsting accrued Interest and principal on December 31 of each year from 2017 through 2020. Prepare an amortization table for this Installment note. (Round all amounts to the nearest whole dollar.) Payments (A) (B) (E) (C) (D) Period Debit Interest Ending Ending Beginning Debit Notes Credit Date Balance Expense Payable Cash Balance 2017 2018 2019 2020 Total

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