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On January 1, 2019, Eagle Company borrows $17.000 cash by signing a four-year, 6% installment note. The note requires four equal payments of $4,906, consisting

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On January 1, 2019, Eagle Company borrows $17.000 cash by signing a four-year, 6% installment note. The note requires four equal payments of $4,906, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollar) (A) Beginning Balance Period Ending Date 2019 2020 Payments (B) (C) Debit interest Debit Notes Expense Payable (D) Credit Cash (E) Ending Balance 2021 2022 Total $ 0 $ 0 1. On July 15, Piper Co. sold $20,000 of merchandise (costing $10,000) for cash. The sales tax rate is 5%. On August 1, Piper sent the sales tax collected from the sale to the government. Record entries for the July 15 and August 1 transactions 2. On November 3, the Milwaukee Bucks sold a six game pack of advance tickets for $600 cash. On November 20, the Bucks played the first game of the six game pack (this represented one-sixth of the advance ticket sales). Record the entries for the November 3 and November 20 transactions. View transaction list Journal entry worksheet

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