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Finance Co lent $9.3 million to Corbin Construction on January 1, 2021, to construct a playground Corbin signed a three-year, 4% installment note to be

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Finance Co lent $9.3 million to Corbin Construction on January 1, 2021, to construct a playground Corbin signed a three-year, 4% installment note to be paid in three equal payments at the end of each year. (EV of $1. PV of $1. EVA of S1. PVA of $1. EVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare the journal entry for FinanceCo's lending the funds on January 1, 2021, 2. Prepare an amortization schedule for the three-year term of the installment note. 3. Prepare the journal entry for the first installment payment on December 31, 2021. 4. Prepare the journal entry for the third installment payment on December 31, 2023. Complete this question by entering your answers in the tabs below. Reg 2 Reg 1 3 and 4 Prepare an amortization schedule for the three-year term of the installment note. (Enter your answers in whole dollars.) Dec 31 Cash Payment Effective interest Decrease in Balance Outstanding Balance 9,300,000 2021 2022 2023 Flen Req 1 3 and 4 > Journal entry worksheet Record the journal entry for FinanceCo's lending the funds on January 1, 2021. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 Record entry Clear entry View general journal

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