On November 1, 2017 Norwood borrows $460,000 cash from a bank by signing a five-year installment note bearing 9% interest. The note requires equal payments of $118.261 each year on October 31. (Table B1. Table B2 Table B 3, and Table 8.4 (Use appropriate factor(s) from the tables provided.) table for the wood records Required: 1. Complete an amortization table for this installment note. 2. Prepare the journal entries in which Norwood records the following: (a) Accrued interest as of December 31, 2017 (the end of its annual reporting period) (b) The first annual payment on the note. anual repor Complete this question by entering your answers in the tabs below. Req 1 Reg 2A and 28 Complete an amortization table for this installment note. (Round your intermediate calculations to the nearest dollar amount.) Credit Cash Period Ending Date Beginning Balance Debit interest Expense + Debit Notes Payable Ending Balance 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 Total Req 2A and 2B > On November 1, 2017 Norwood borrows $460,000 cash from a bank by signing a five-year installment note bearing 9% Interest. The note requires equal payments of $118.261 each year on October 31. Table B.1. Table 8.2. Table B 3 and Table 8. 4) (Use appropriate factor(s) from the tables provided.) Required: 1. Complete an amortization table for this installment note, 2. Prepare the journal entries in which Norwood records the following: (a) Accrued interest as of December 31, 2017 (the end of its annual reporting period). (b) The first annual payment on the note. Complete this question by entering your answers in the tabs below. Reg1 Reg 2A and 2B Prepare the journal entries in which Norwood records for accrued interest as of December 31, 2017 (the end of its annual reporting period) and the first annual payment on the note. View transaction list Journal entry worksheet