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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, 2021. 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, 2021. Eagle Company borrows $35,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $10,333, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024 Exercise 14-12 (Algo) Installment note amortization table LO C1 Prepare an amortization table for this installment note (Round all amounts to the nearest whole collor.) Payments (8) Debit interest (C) Debit Notes Expense Payable (D) Credit Cash (E) Ending Balance Period Ending (A) Beginning Date Balance 2021 2022 2023 2024 Total through 2024 Exercise 14-13 (Algo) Installment note entries LO C1 Prepare the journal entries for Eagle to record the note's issuance and each of the four payments. (Round your intermedia calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet Record the payment of the second installment payment of interest and principal on December 31, 2022 Note: Enter debits before credits General Journal Debit Credit Date December 31 2022 Exercise 14-13 (Algo) Installment note entries LO C1 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 Record the payment of the third installment payment of interest and principal on December 31, 2023 Note: Enter debits before credits. General Journal Debit Credit Date December 31 2023 Exercise 14-13 (Algo) Installment note entries LO C1 Prepare the journal entries for Eagle to record the note's issuance and each of the four payments. (Round your interme calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet

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