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The following amortization schedule indicates the interest and principal that Chip's Cookie Corporation (CCC) must repay on an installment note established January 1, 2018. CCC

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The following amortization schedule indicates the interest and principal that Chip's Cookie Corporation (CCC) must repay on an installment note established January 1, 2018. CCC has a December 31 year-end and makes the required annual payments on December 31. Use the amortization schedule to prepare CCC's required journal entries on (a) January 1, 2018; (b) December 31, 2018; (c) December 31, 2019; (c) December 31, 2020; and (e) December 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.) Beginning Note Interest Repaid Principal on Ending Note Payable Expense Note Payable Payable 13,000 1,300 2,801 10,199 10,199 1,020 3,081 7,118 7, 118 3,389 3,729 3,729 3, 405 13,000 Year 1 2 3 712 373 3,729 0 Total Journal entry worksheet

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