Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions displayed below.) On January 1, 2020, Eagle Company borrows $26,000 cash by signing a four-year, 8% installment note. The note requires four equal payments of $7,850, consisting of accrued interest and principal on December 31 of each year from 2020 through 2023 Exercise 10-12 (Algo) Installment note amortization table LO C1 Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollar.) (A) Period Ending Beginning Date Balance 2020 Payments (B) (C) Debit Interest Debit Notes Expense Payable (D) Credit Cash Ending Balance 2021 2022 2023 Total $ 0 $ 0 Prepare the journal entries for Eagle to record the note's issuance and each of the four payments. (Round your intermediate calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 3 4 5 > Eagle borrows $26,000 cash by signing a four-year, 8% installment note. Record the issuance of the note on January 1, 2020. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01, 2020