Question: Assad Inc. issued a five-year, 7% instalment note payable, with foxed principal payments plus interest, due annually. The following instalment payment schedule is partially completed:

Assad Inc. issued a five-year, 7% instalment note payable, with foxed principal payments plus interest, due annually. The following instalment payment schedule is partially completed: (a) Fill in the missing amounts Interest Period Cash Payment Interest Expense Issue date 1 S $10.800 2 10.240 3 $ 2.240 1.680 9.120 1.120 8.560 560 Reduction of Principal Principal B Activate Windows Assad Inc. issued a five-year, 7% instalment note payable, with foxed principal

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