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ry 1, 2017, Eagle borrows $16,000 cash by signing a four-year, 5% installment note. The note requires four equal payments of of accrued interest and

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ry 1, 2017, Eagle borrows $16,000 cash by signing a four-year, 5% installment note. The note requires four equal payments of of accrued interest and principal on December 31 of each year from 2017 through 2020. (Table B1. Table B.2. Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided. Round your inter the nearest dollar amount. Round all table values to 4 decimal places, and use the rounded table Prepare the journal entries for Eagle December 31, 2020 to record the loan on January 1, 2017, and the four payments from December 31, 2017, through View transaction list Journal entry worksheet Eagle borrows $16,000 cash by signing a four-year, 5% installment note. Record the issuance of the note on January 1, 2017. Note: Enter debits before credits. Debit Credit Date General Journal Jan 01, 2017

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