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please solve it before 20 min plz On January 1, 2021, Crusti Corp. borrows $15,600 by signing a 3-year, 6% note payable. The note is

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please solve it before 20 min plz

On January 1, 2021, Crusti Corp. borrows $15,600 by signing a 3-year, 6% note payable. The note is repayable in three annual fixed principal payments on December 31 of each year. 1. Prepare an installment payment schedule for the note. (12 marks) 2. Prepare the journal entry to record the note on January 1, 2021 (2 marks) 3. Prepare the journal entry to record the first installment payment on December 31, 2021

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