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The following amortization schedule indicates the interest and principal to be repald on an 2018, for a company with a March 31 year-end. Repaid Principal
The following amortization schedule indicates the interest and principal to be repald on an 2018, for a company with a March 31 year-end. Repaid Principal Ending Note Payable 7,645 5,196 2,649 Beginning Note Interest Expense Payable 1e,8e0 7,645 5,196 2,649 on Note Payable 2,355 2,449 2, 547 2,649 18,800 Year 400 386 288 106 1,020 Total Required: ng the company makes the required annual payments on December 31, use the amortization schedule to determine (a the amount of the (rounded) annual payment, (ty the amount of Interest Expense to report in the year ended March 31. 2018. (g the amount of Interest Expense to report in the year ended March 31, 2019, (d the Note Payable balance at January 1. 2021, and (e) the total interest and total principal paid over the note's entire life. 2 ssuming the co ts at the end of each quarter, prepare the joutal entries required on (e January 1.2018. and (t) March 31, 2018 Complete this question by entering your answers in the tabs below Required1 Required 2 Assuming the company makes adjustments at the end of each quarter, prepare the journal entries required on (a) January 1, 2018, and (b) March 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not
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