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Please answer all parts, thank you sm! Problem 4-stament Notes 1) Prepare the entry for the ince of the wee peable 2) Calculate the interest

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Problem 4-stament Notes 1) Prepare the entry for the ince of the wee peable 2) Calculate the interest expende & netepeyebit de in Yeri 3) Prepare the journal entry for the first payment in Yeri 4) Calculate the ending note payable balance 5) Prepare the journal entries for Yeer 5) Calculate the interest expense & note payable amount due in Year 2 7) Calce the ending refe payable balance The Table below includes information related to issued for cash on January 1, 2018 instalare $ Principal Amount Interest Rate Termof Note Annual Payment includes principal interest) 24 000 62 5 years $ 5.698 Year 1 Dete Accounts Dr To record the receipt of cash in exchange. Torte Calculation of Interest Expense Calculation of Nefes payable Year) Date ACCOUNTS Or or Te record the first to the installmente Calculation of Ending Note Payable Balance Yeer 2 Cololations & Journ Entries Calculation of Interest Expense for Year 2 Calculation of Nefes payable Vear 2 Dete Account Te record the secondent Cole Ending Now we

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