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On July 1, 2013, Avery Services issued a long-term note payable for $10,000. It is payable over a 5-year term in $2,000 installments on July

On July 1, 2013, Avery Services issued a long-term note payable for $10,000. It is payable over a 5-year term in $2,000 installments on July 1 of each succeeding year. Journalize required transactions on July, 1 2013.

Journalize required transactions on Dec 31 2013

Journalize required transactions on July 1 2014.

Show calculations please

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