Everything in green is correct, the 2 items in Red are incorrect on Required 5. Your assistance on this is greatly appreciated. Thank you.

Braxton Technologies, Inc., constructed a conveyor for A&G Warehousers that was completed and ready for use on January 1, 2021. A&G paid for the conveyor by issuing a $150,000, four-year note that specified 7% interest to be paid on December 31 of each year, and the note is to be repaid at the end of four years. The conveyor was custom-built for A&G, so its cash price was unknown. By comparison with similar transactions it was determined that a reasonable interest rate was 12%. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of S1) (Use approprlate factor(s) from the tables provided.) Required: 1. Prepare the journal entry for A&G's purchase of the conveyor on January 1, 2021. 2. Prepare an amortization schedule for the four-year term of the note. 3. Prepare the journal entry for A&G's third interest payment on December 31, 2023. 4.If A&G's note had been an installment note to be paid in four equal payments at the end of each year beginning December 31, 2021. what would be the amount of each installment? 5. By considering the installment payment of requirement 4, prepare an amortization schedule for the four-year term of the installment note. 8. Prepare the journal entry for A&G's third installment payment on December 31, 2023. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare the journal entry for As.G's purchase of the conveyor on January 1, 2021. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round intermediate calculations and final answers to the nearest whole dollar.) Date General Journal Debit Credit January 01, 2021 Equipment Discount on notes payable Notes payable 150,000 Retured Required 2 > No 1 127 220 22.780 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare an amortization schedule for the four-year term of the note. (Round intermediate calculations and final answers to the nearest whole dollar.) Years Cash Payment Effective Interest Change in Balance IS s 10 2021 2022 2023 10.500 10.500 10.500 10.500 42,000 15.266 s 15,838 16,479 17,198 64.779 IS 4.768 5.338 5,979 6,696 22.779 Outstanding Balance IS 127,220 131,086 137,325 143,304 150,000 2024 Total Is s Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare the journal entry for A&G's third interest payment on December 31, 2023. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round intermediate calculations and final answers to the nearest whole dollar.) No Credit Debit 16,479 1 Date General Journal December 31, 202 Interest expense Discount on notes payable Cash 5,979 10.500 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 If A&G's note had been an installment note to be paid in four equal payments at the end of each year beginning December 31, 2021, what would be the amount of each installment? (Round intermediate calculations and final answer to the nearest whole dollar.) Installment payment 41.885 S Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 By considering the installment payment of requirement 4, prepare an amortization schedule for the four-year term of the installment note. (Round intermediate calculations and final answers to the nearest whole dollar.) Years Cash Payment Effective Interest Change in Balance IS s s 2021 2022 2023 2024 Total 41.885 41.885 41.885 41,885 167,540 15.280 12,072 8,494 4,491 40.323 26.619 29.813 33.391 37,304 127.217 Outstanding Balance S 127.217 100,598 70.785 37.394 X 0 5 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Prepare the journal entry for A&G's third installment payment on December 31, 2023. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round intermediate calculations and final answers to the nearest whole dollar) General Journal Credit December 31, 202 Notes payable Interest expense Cash 41.885 No Date Debit 1 33.301 8.494