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Required information [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%
Required information [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 Book through 2024 Hint Prime Prepare an amortization table for this installment note Note: Round all amounts to the nearest whole doller. Payments Perlod Ending (A) Beginning (B) Debit Interest [C) Debit Notes (E) Ending Date Balance Expense Payable (D) Credit Cash Balance 2021 2022 2023 2024
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