On January 1 of Year 1, Weasley Company obtained a $1,250,500, 6-year, 6% installment note from Gringotts Bank. The note requires annual payments of $254,305, beginning on December 31 of year 1. Prepare a table for this installment note. Round to the nearest dollar. Journalize the entries for the issuance of the note and the six annual note payments.

Year	Carrying Amount Beginning of Yr	Note Payment	Interest Expense	Decrease in Notes Payable	Carrying Amount End of Yr
1
2
3
4
5
6

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		Date	Account Titles	PR		Debit		Credit
1		Year 1																1
2																			2
3																			3
4																			4
5																			5
6																			6
7																			7
8																			8
9		Year 2																9
10																			10
11																			11
12																			12
13																			13
14		Year 3																14
15																			15
16																			16
17																			17
18																			18
19		Year 4																19
20																			20
21																			21
22																			22
23																			23
24		Year 5																24
25																			25
26																			26
27																			27
28																			28
29		Year 6																29
30																			30
31																			31
32																			32
33																			33
34																			34
35																			35
36																			36
37																			37
38																			38