Required information Use the following information for the Exercises below. (Static) [he following information applies to the questions displayed below] On January 1, 2020, Eagle Company borrows $100.000 cash by signing a four-year, 7% instaliment note. The note requires four equal payments of $29.523, consisting of accrued interest and principal on December 31 of each year from 2020 through 2023. Exercise 10-13 (Static) Installment note entries LO C1 Prepare the journal entries for Eagle to record the note's issuance and each of the four payments. Note: Round your intermediate calculations and final answers to the nearest dollar amount. Journal entry worksheet Journal entry worksheet 45 Eagle borrows $100,000 cash by signing a four-year, 7% installment note. Record the issuance of the note on January 1,2020 . Note: Enter debits before credits. Journal entry worksheet 5 Record the payment of the first installment payment of interest and principal on December 31,2020 Note: Enter debits before credits. Journal entry worksheet Record the payment of the second installment payment of interest and principal on December 31,2021. Note: Enter debits before credits. Journal entry worksheet Record the payment of the third installment payment of interest and principal on December 31,2022 . Note: Enter debits before credits. Journal entry worksheet Record the payment of the fourth installment payment of interest and principal on December 31, 2023. (Hint: Make sure that the balance in Notes payable is $0 after this entry.) Note: Enter debits before credits