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What am I doing wrong? On January 1, 2017, Eagle borrows $35,000 cash by signing a four-year, 7% installment note. The note requires four equal

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On January 1, 2017, Eagle borrows $35,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $10,333, consisting of accrued interest and principal on December 31 of each year from 2017 through 2020. (Round your intermediate calculations and final answers to the nearest dollar amount.) Prepare the journal entries for Eagle to record the loan on January 1, 2017, and the four payments from December 31 2017, through December 31, 2020 Answer is not complete Date General Journal Debit Credit Jan 01, 2017 Cash 35,000 Notes payable 35,000 2,450 7,883 Dec 31, 2017 Interest expense Notes payable Cash 10,333 Dec 31, 2018 Interest expense 2,279 Notes payable Cash 10,333

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