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The following amortization schedule incicates the interest and principal to be repaid on an installment note established January 1. 2021, for a company with a

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The following amortization schedule incicates the interest and principal to be repaid on an installment note established January 1. 2021, for a company with a March 31 fiscal year-end Required: 1. Assuming the compamy makes the required annual payments on December 34, use the amortization schedule to determine (d) the amount of the (rounded) annual payment: ( b the amount of Interest Expense to report in the year ended March 31, 2021; ( ( ) the amount of interest Expense to report in the year ended March 31, 2022: (d) the Notes Payable balance at January 1, 2024; and (G) the total interest and total principal paid over the note's entife life 2. Assuming the company makes adjustments at the end of each fiscal year, prepare the journal entries required on (d) January 1, 2021, and (b) March 31, 2021 Complete this question by entering your answers in the tabs below. Assuming the comgacy makes the required annual payments on December 31 , use the amortization achedule to determine (a) the amount of the (rounded) annual payment; (b) the amount of tnterest Expense to report in the year ended March 31 . 2021; (c) the amount of interest Expense to report in the year ended March 31, 2022; (d) the Notes Payable balance at January 1, 2024; and (e) the total interest and total principal paid over the note entire ife. (Round your answers to the nearest whole doliar amount.) A5suming the company makes adjustments at the end of each fiscal year, prepare the journal entries required on (a) January 1, 2021, and (b) March 31, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fleld. Do not round intermediate calculations.) Journal entry worksheet Assuming the company makes adjustments at the end of each fiscal year, prepare the journal entries required on (a) January 1,2021 , and (b) March 31, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet Record the entry on March 31, 2021. Note: Enter debits before credits

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