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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

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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 $21.000 cash by signing a four-year 5% installment note. The note requires four equal payments of $5,922, consisting of accrued interest and principal on December 31 of each year from 2020 through 2023. Exercise 10-13 (Algo) Installment note entries LO C1 Prepare the journal entries for Engle 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 lit Journal entry worksheet

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