Use the same information as in E14.18 except that Sterling Bank reduced the principal to 1,900,000 rather

Question:

Use the same information as in E14.18 except that Sterling Bank reduced the principal to £1,900,000 rather than £2,400,000. On January 1, 2023, Barkley pays £1,900,000 in cash to Sterling Bank for the principal.
Instructions
a. Prepare the journal entries to record the loan modification for Barkley.
b. Prepare the amortization schedule of the note for Barkley Company after the debt modification.
c. Prepare the interest payment entries for Barkley on December 31 of 2020, 2021, and 2022.
d. What entry should Barkley make on January 1, 2023?