Calculator Entries for ment Note Transactions On the first day of the fiscal year, Shiller Company borrowed $58,000 by giving a six-year, 10% installment note to Soros Bank. The note requires annual payments of $13,502, with the first payment occurring on the last day of the fiscal year. The first payment costs of interest of $5.300 and principal repayment of $7,702 Jumathers to record the al. Issued the installment not for cash on the first day of the fiscal year. If an amount box does not require an entry leave it blank 22. paid the first annual payment on the note. If an amount box does not require an ent b. How would the notes parable be reported on the balance sheet att (Previous Next E l tractor test for Gradina 4 116/2019