On January 1, 2021, Eegle Company borrows $23.000 cash by signing a four-year, 9% installiment note...

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On January 1, 2021, Eegle Company borrows $23.000 cash by signing a four-year, 9% installiment note The note requires four equal payments of $7,099. consisting of eccrued interest and principal on December 31 of each year from 2021 through 2024. Prepare an amortization table for this instalment note (Round all amounts to the nearest whole dollar.) Payments Period Ending (A) Beginning (8) Debit Interest Balance (C) Debit Notes Payable (D) Credit Cash (E Ending Balance Date Expense 2021 2022 2023 2024 Total On January 1, 2021, Eagle Company borrows $23,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $7,099, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024. Prepare the journal entries for Eagle to record the note's issuance and each of the four poyments. (Round your intermediate calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 3 4 5 Eagle borrows $23,000 cash by signing a four-year, 9% installment note. Record the isuance of the note on January 1, 2021. On January 1, 2021, Eegle Company borrows $23.000 cash by signing a four-year, 9% installiment note The note requires four equal payments of $7,099. consisting of eccrued interest and principal on December 31 of each year from 2021 through 2024. Prepare an amortization table for this instalment note (Round all amounts to the nearest whole dollar.) Payments Period Ending (A) Beginning (8) Debit Interest Balance (C) Debit Notes Payable (D) Credit Cash (E Ending Balance Date Expense 2021 2022 2023 2024 Total On January 1, 2021, Eagle Company borrows $23,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $7,099, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024. Prepare the journal entries for Eagle to record the note's issuance and each of the four poyments. (Round your intermediate calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 3 4 5 Eagle borrows $23,000 cash by signing a four-year, 9% installment note. Record the isuance of the note on January 1, 2021.

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Period Ending date 2021 2022 2023 2024 Total Working Note Peri... View the full answer