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On January 1, 2019, Engle Company borrows $23,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $7,099, consisting

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On January 1, 2019, Engle Company borrows $23,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $7,099, 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.) Payments Perlod Ending (A) Beginning Balance (0) Debit interest Expense (0) Depit Notes Payable Credit (0) och Ending Balance (E) Baung 2019 2022 Total

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