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Required information [ The following information applies to the questions displayed below. ] On January 1 , 2 0 2 1 , Eagle Company borrows

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Required information
[The following information applies to the questions displayed below.]
On January 1,2021, Eagle Company borrows $17,000 cash by signing a four-year, 6% installment note. The note requires four equal payments of $4,906, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024.
Prepare an amortization table for this installment note.
Note: Round all amounts to the nearest whole dollar.
\table[[Payments],[\table[[Period Ending],[Date]],\table[[(A) Beginning],[Balance]],\table[[(B) Debit Interest],[Expense]],\table[[(C) Debit Notes],[Payable]],(D) Credit Cash,\table[[(E) Ending],[Balance]],],[2021,,,,,,],[2022,,,,,,],[2023,,,,,,],[2024,,,,,,],[Total,,,,,,]]
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