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re Suomi Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate
re Suomi Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to Question 12 [The following information applies to the questions displayed below) On January 1, 2021, Eagle Company borrows $100,000 cash by signing a four year, 7% installment note. The note requires four equal payments of $29,523, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024 Part 1 of 2 10 Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollor.) points Answer is complete but not entirely correct. A Period Ending Date 2021 2022 2023 (A) Eleginning Balance 5 28.000 21.599 14,814 7.622 X Payments (H) Debit Interest (C) Debit Notes Expense Payable 1,66035 6,401 3 $ 1,2963 6,785 839 X 7.1923 459 7.622 (D) Credit Cash 8,081 8.081 8,081 8,0813 () Ending Balance 21599 14,814 7.6223 0 2024
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