Cells highlighted in green contain a drop$-$down list; select the appropriate response from the list.

When the calculation for the March $31$ ending balance is correct, the cell will change to yellow.

On January $1,2021,$ $$30,000$ cash is borrowed from a bank in return for a $12\%$ installment note with $36$monthly$$payments of $$996$ each.

$(1)$Prepare an amortization table for the first three months of this installment note. $($Round your answers to the nearest whole dollar.$)$

$(2)$Record the entry for issuance of the note.

$(3)$Record the entry for the first three interest payments.

Period Ending Date Beginning Balance Debit Interest Expense Debit Notes Payable Credit Cash Ending Balance

January $31$

February $28$

March $31$

Date General Journal Debit Credit

$1/1/2021$

$1/31/2021$

$2/28/2021$

$3/31/2021$