ournalize the entries to record the folowing 20Y2 Jan. 1. Issued the note for cash at its face amount. Dec. 31 Paid the annual payment on the note, which consisted of interest of $14,000 and principal of $29,830 20YS Dec. 31 Paid the annual payment on the note, which included $6,253 of interest. The remainder of the payment reduced the principal balance on the note Issued the note for cash at its face amount. Year 1 Jan. Paid the anual payment on the note, which consisted of interest of $14,000 and principal of $29,830. For a compound transaction, if an amount box does not require an entry, leave it blank Year 1 Dec.3 Paid the annual payment on the note, which included $6,253 of interest. The remainder of the payment reduced the principal balance on the note. For a compound transaction, if an amount box does not require an entry, leave it blank Year 4 Dec. 3