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! Required information (The following information applies to the questions displayed below. On January 1, 2020, Eagle Company borrows $100,000 cash by signing a four-year,

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! Required information (The following information applies to the questions displayed below. On January 1, 2020, 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 2020 through 2023 Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollar.) Payments (B) (C) Debit Interest Debit Notes Expense Payable Period Ending Date (A) Beginning Balance 100,000 77,477 (D) Credit Cash (E) Ending Balance $ 77,477 $ 2020 2021 53,377 2022 53,377 27,591 2023 27,591 Total $ 0 $ 0

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