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The following amortization schedule indicates the interest and principal to be repaid on an installment note established January 1, 2018, for a company with a

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The following amortization schedule indicates the interest and principal to be repaid on an installment note established January 1, 2018, for a company with a March 31 year-end. Year Beginning Note Payable 18,000 14,005 9.691 5,032 Interest Expense 1.440 1. 120 Repaid Principal on Note Payable 3.995 Ending Note Payable 14,005 9,691 5,032 403 3.733 4, 659 5,032 18,000 Total Required: 1. Assuming the company makes the required annual payments on December 31, use the amortization schedule to determine (a) the amount of the (rounded) annual payment. (b) the amount of Interest Expense to report in the year ended March 31, 2018. (a) 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. 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. Complete this question by entering your answers in the tabs below. Required 1 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 round intermediate calculations.) 2. Assuming the company makes adjustments at the end of each quarter, prepare the journal entries required on (a) January 1, 2018, and (6) March 31, 2018. Complete this question by entering your answers in the tabs below. Required 1 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 round intermediate calculations.) (a) Annual Payment (b) Interest Expense March 31, 2018 (c) Interest Expense March 31, 2019 (d) Note Payable January 1, 2021 (e) Total Interest (e)-1 Total Principal Required 1 Required 2 > View transaction list Journal entry worksheet 2 Record the entry on January 1, 2018. Note: Enter debits before credits. General Journal Debit Credit Transaction (a) Record entry Clear entry general journal Journal entry worksheet Record the entry on March 31, 2018. Note: Enter debits before credits. Transaction General Journal Debit Credit (b) Record entry Clear entry View general journal

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