Question: E 5 . Note Payable with Amortization Table. On March 3 1 , 2 0 1 8 , Dive Company issued a (

E 5. Note Payable with Amortization Table. On March 31,2018, Dive Company issued a \(\$ 487,000,2\%,3\)-year note payable when the market rate was \(8\%\). Interest is due on each March 31, beginning March 31,2019.
The company's fiscal year ends on December 31.
Required
a. Prepare the journal entry to record the issuance of the note payable.
b. Prepare an amortization table.
c. Prepare the journal entry to record interest expense at December 31,2018.
d. Prepare the journal entry required on March 31,2019.
E 5 . Note Payable with Amortization Table. On

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