_{Sub-Cinema Inc. borrowed $10,000 on Jan. 1 and will repay the loan with 12 equal payments of $888.49 made at the end of the month for 12 months. The interest rate is 12% annually.}

_{Prepare an amortization table showing the principal and interest in each payment.}

_{Please make the appropriate journal entry to record the cash received on Jan. 1 and the first payment made on Jan. 31?}