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Required information [The following information applies to the questions displayed below.) On January 1, 2021, Eagle Company borrows $30,000 cash by signing a four-year, 7%

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Required information [The following information applies to the questions displayed below.) On January 1, 2021, Eagle Company borrows $30,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $8,857, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024 Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollar.) Payments (B) Debit interest (C) Debit Notes Expense Payable (D) Credit Cash (E) Ending Balance Period Ending (A) Beginning Date Balance 2021 2022 2023 2024 Total

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