The following amortization schedule indicates the interest and principal that Chip's Cookie Corporation (CCC) must repay...

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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, 2021. 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, 2021, (b) December 31, 2021, () December 31, 2022; (d) December 31, 2023, and (e) December 31, 2024 (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 Repaid Principal Year Payable Interest Expense on Note Payable Ending Note. Payable 1 42,000 2,100 9,744 32,256 2 32,256 1,613 10,231 22,025 3 22,025 1,101 10,743 11,282 4 11,282 564 11,282 @ Total 5,378 42,000 View transaction list Journal entry worksheet 1 2 3 4 5 Record the notes payable. Note: Enter debits before credits. Transaction. General Journali Debit Credit The following amortization schedule indicates the interest and principal that Chip's Cookie Corporation (CCC) must repay on an Installment note established January 1, 2021. 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, 2021, (b) December 31, 2021, () December 31, 2022; (d) December 31, 2023, and (e) December 31, 2024 (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 Repaid Principal Year Payable Interest Expense on Note Payable Ending Note. Payable 1 42,000 2,100 9,744 32,256 2 32,256 1,613 10,231 22,025 3 22,025 1,101 10,743 11,282 4 11,282 564 11,282 @ Total 5,378 42,000 View transaction list Journal entry worksheet 1 2 3 4 5 Record the notes payable. Note: Enter debits before credits. Transaction. General Journali Debit Credit