The last section to fill out says principal balance

On July 1, 2020, Marigold Ltd. borrowed $21,000 by signing a two-year, 5% note payable. The note is payable in two annual instalments of $11,294 on June 30. The company records adjusting journal entries annually at year end on December 31

(a) Prepare an instalment payment schedule for the term of the note. (Round answers to the nearest whole dollar, e.g. 5,255.) Cash Payment Interest Expense Reduction of Principal Principal Annual Interest Period July 1, 2020 June 30, 2021 $ $ 11294 $ $ June 30. 2022 11294 e Textbook and Media List of Accounts