On November 1, 2019, Grant Inc. purchased 5 vending machines costing a total of 175,000$ with a note payable from a local bank to be paid off in 3 years with quarterly equal payments. Each payment includes principle and interest at 12% a year.

(A)

Each quarterly payment is: ?????

(B)

Interest potion of Second payment is: ????

(C)

Balance in Notes payable after second payment is done is: ????

Journal Entry to record the second payment will have to be DEBITED TO ......

And CREDIT to ..........

List account name(s)

All of them follow the question written on top

God bless your heart please help me