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On January 1, 2024, a company borrows cash from a local bank by issuing a note to be repaid in installments. The details of the

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On January 1, 2024, a company borrows cash from a local bank by issuing a note to be repaid in installments. The details of the installment note are provided below. 10. Required: 1. Complete the amortization table based on the informacon itsini 2. Prepare the journal entry for issuance of the note 3. Prepare the journal entry for the first instaliment permicint 4. Prepare the journal entry for the second instaliment phinntat con bectember 31, 2025. Requirement 1: Amortization Schedule (Use cells A2 to 88 from the given information above to complete this question. All values should be 17 shown as positive amounts.) Requirement 1: Amortization Schedule (Use cells A2 to 88 from the given information above to complete this question. All values should be shown as positive amounts.) Requirement 2: Journal Entry for Issuance of Note on January 1, 2024 (Use cells A2 to B8 from the given information above to complete this question.) Requirement 3: Journal Entry for First instaliment Payment on December 31, 2024 (Use cells A2 to 88 from the given information above to complete this question.) Requirement 4: Journal Entry for Second Installment Payment on December 31, 2025 (Use cells A2 to B8 from the given information above to complete this question.)

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