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will upvote! On July 1, 2023, Oriole Ltd received a loan from its bank for $20,000 bearing interest at 5%. The loan is payable in

will upvote!

On July 1, 2023, Oriole Ltd received a loan from its bank for $20,000 bearing interest at 5%. The loan is payable in two annual instalments of $10,756 principal and interest on June 30 each year. The company records adjusting journal entries annually at year end on December 31 . (a) Prepare an instaiment payment schedule for the term of the loan. (Round answers to O decimal places, es. 5.25.5.)

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