Check my work Problem 10-5A (Algo) Installment notes LO C1 On November 1, 2020, Norwood borrows $560,000 cash from a bank by signing a fiveyear installment note bearing 9% interest. The note tequires equal payments of S143.970 each year on October 31 Required: 1. Complete an amortization table for this installment note 2. Prepare the journal entries in which Norwood records the following: (a) Accrued interest as of December 31, 2020 (the end of its annual reporting period) (b) The first annual payment on the note Complete this question by entering your answers in the tabs below. 0 1 R2 and 2 Complete an amortization table for this installment note. (Round your lotermediate calculations to the nearest dollar amount Period Ending Dato Beginning Balance Debit interest Expense + Debit Notes Payable - Credit Cash Ending Balance 1031.2023 10312022 104112023 Prev Saved Chapter 10 Homework 16 Journal entry worksheet 2 15 points Record the interest accrued on the note as of December 31, 2020. BOR Note: Enter debits before credits Bence General Journal Debit Credit Date Dec 31, 2020 Record entry Clear entry View general Journal