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On January 1, a company borrowed cash by issuing a $330,000, 6%, installment note to be paid in three equal payments at the end of

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On January 1, a company borrowed cash by issuing a $330,000, 6%, installment note to be paid in three equal payments at the end of each year beginning December 31. (FV of $1, PV of $1, FVA of $1. PVA of $1. FVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) What would be the amount of each installment? Prepare an amortizaticn table for the installment note. Prepare the journal entry for the second installment payment Complete this question by entering your answers in the tabs belovw rint Payment Amort Table General Prepare an amortization table for the installment note. (Round your intermediate calculations to the nearest dollar. Round final answers to the nearest whole dollar. Outstanding Balance Cash Payment Interest Decrease in Balance 330,000 Total Annual Paymant General Journal )

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