Question: Check my work On January 1, 2017, Eagle borrows $19,000 cash by signing a four-year, 8% installment note. The note requires four equal payments of

Check my work On January 1, 2017, Eagle borrows $19,000 cash by signing a four-year, 8% installment note. The note requires four equal payments of $5,737, consisting of accrued interest and principal on December 31 of each year from 2017 through 2020. (Table 8.1, Table 8.2, Table 8.3, and Table 8.4) (Use appropriate factorls) from the tables 2.5 provided. Round your intermediate calculations and final answers to the nearest dollar amount. Round all points table values to 4 decimal places, and use the rounded table values in calculations.) Prepare thejournal entries for Eagle to record the loan on January 1, 2017, and the four payments from December El 31, 2017, through December 31, 2020. eBook E! Print /' 1 Jan 01,2017 Cash 19,000 Notes payable 19,000 References I~ 2 Dec31,2017 lnterestexpense 1,520 Notes payable 4,217 Cash 5,737 I 3 Dec31,2018 lnterestexpense Notes payable Cash 5,737 I. 4 De031,2019 lnterestexpense Notes payable Cash 5,737 /' 5 Dec31,2020 Interestexpense Notes payable Cash 5,737
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