On July 1, 2017, Granville Ltd. borrowed $19,800 by signing a two-year, 4% note payable. The note is payable in two annual blended principal and interest instalments of $10,498 on June 30. Adjusting journal entries are recorded annually at year end on December 31.

Prepare an instalment payment schedule for the term of the note. (Round answers to the nearest whole dollar, e.g. 5,255.)

Annual Interest Period		Cash Payment		Interest Expense		Reduction of Principal		Principal Balance
July 1, 2017								$enter a dollar amount rounded to the nearest whole
June 30, 2018		$enter a dollar amount rounded to the nearest whole		$enter a dollar amount rounded to the nearest whole		$enter a dollar amount rounded to the nearest whole		enter a dollar amount rounded to the nearest whole
June 30, 2019		enter a dollar amount rounded to the nearest whole		enter a dollar amount rounded to the nearest whole		enter a dollar amount rounded to the nearest whole