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On January 1, 2019, Eagle Company borrows $29,000 cash by signing a four-year, 5% installment note. The note requires four equal payments of $8,178, consisting

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On January 1, 2019, Eagle Company borrows $29,000 cash by signing a four-year, 5% installment note. The note requires four equal payments of $8,178, 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 Payments (B) (C) Debit Interest Debit Notes Expense Payable (D) Credit Cash (E) Ending Balance Period Ending Date 2019 2020 2021 2022 Total On January 1, 2019, Eagle Company borrows $22,000 cash by signing a four-year, 6% installment note. The note requires four equal payments of $6,349, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare the journal entries for Eagle to record the note's issuance and the four payments (Round your intermediate calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet Eagle borrows $22,000 cash by signing a four-year, 6% installment note. Record the issuance of the note on January 1, 2019. Note: Enter debits before credits. Date Jan 01, 2019 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet

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