On July 1, 2020. Swifty Ltd, borrowed $20,000 by signing a two-year, 3% note payable. The note is payable in two annual Instalments of $10,452 on June 30. The company records adjusting journal entries 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, c.8.5,255.) nnual terest eriod ily 1 020 Cash Payment Interest Expense Reduction of Principal Principal Bal ine 0. 021 $ ID D. 522 List of Accounts Record (1) the receipt of the $20,000 cash and the issue of the note on July 1, 2020; (2) the accrual of interest on December 31 2020,(3) the first payment on June 30.2021; and (4) the accrual of interest on December 31, 2021. (Round answers to the Record (1) the receipt of the $20.000 cash and the issue of the note on July 1, 2020; (2) the accrual of interest on December 31, 2020, (3) the first payment on June 30, 2021; and (4) the accrual of interest on December 31, 2021. (Round answers to the nearest whole dollar, es. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation 2020 Date Debit Credit Jun 30 July Dec 31 2021 List of Accounts What amounts would Swifty report as current and non-current in the liabilities section of its statement of financial position on December 31, 2020? (Round answers to the nearest whole dollar, e.g. 5,255.) SwiftyLtd. Statement of Financial Position (Partial) Non-Current Liabilities Current Liabilities Total Current Liabilities Total Non-Current Liabilities $ List of Accounts What amount would Swifty report as current and non-current in the liabilities section of its statement of financial position on December 31, 2021? (Round answers to the nearest whole dollar, e.g. 5,255.) SwiftyLtd. Statement of Financial Position (Partial) December 31, 2021 For the Month Ended December 31, 2021 For the Year Ended December 31, 2021 List of Accounts Save for Later Attempts: 0 of 3 used Submit