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On January 1, $32,000 cash is borrowed from a bank in return for a 8% installment note with 36 monthly payments of $1,003 each. (1)

On January 1, $32,000 cash is borrowed from a bank in return for a 8% installment note with 36 monthly payments of $1,003 each. (1) Prepare an amortization table for the first three months of this installment note. (2) Record the entry for issuance of the note. (3) Record the entry for the first interest payment and for the second interest payment. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 ces Prepare an amortization table for the first three months of this installment note. (Round your answers to the nearest whole dollar.) Period Ending (A) Beginning Date January 31 Balance Payments (B) Debit Interest Expense (C) Debit Notes Payable (D) Credit Cash (E) Ending Balance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an amortization table for the first three months of this installment note. (Round your answers to the nearest whole dollar.) Period Ending (A) Beginning Balance Date January 31 February 28 March 31 Payments (B) Debit Interest Expense (C) Debit Notes Payable (D) Credit (E) Ending Cash Balance Required 1 Required 2 > Journal entry worksheet < 1 Record the entry for issuance of the note. Note: Enter debits before credits. Date January 01 General Journal Debit Credit View transaction list Journal entry worksheet < 1 2 Record the first installment payment. Note: Enter debits before credits. Date January 31 General Journal Debit Credit US Journal entry worksheet 2 Record the second installment payment. Note: Enter debits before credits. Date February 28 General Journal Debit Credit

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