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On January 1, 550,000 cash is borrowed from a bank in return for a 10% installment note with 36 monthly payments of S1,613 each (1)

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On January 1, 550,000 cash is borrowed from a bank in return for a 10% installment note with 36 monthly payments of S1,613 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, 45 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 dolat (E) Ending Balance Panod Ending Date January 31 February 28 March 31 Payments (A) Begleinig B Debit interest (C) Debit Notes (0) Credit Balance Expense Payable Cash $ 50.000 s 5.000 5 613 5 1.613 15131 1.6131 Required 2 > On January 1$50,000 cash is borrowed from a bank in return for a 10% Installment note with 36 monthly payments of S1613 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 Required 2 Required Record the entry for issuance of the note View transaction list Journal entry worksheet

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