Exercise $10-13($Algo$)$ Installment note amortization table LO C$1$

On January $1,2021,$ Eagle Company borrows $$33,000$ cash by signing a four$-$year, $6\%$ installment note. The note requires four equal payments of $$9,524,$ consisting of accrued interest and principal on December $31$ of each year from $2021$ through $2024.$ Required information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below$]$

On January $1,2021,$ Eagle Company borrows $\backslash (\backslash$$ $33,000\backslash )$ cash by signing a four$-$year, $\backslash (6\backslash \%\backslash )$ instaliment note. The note requires four equal payments of $\backslash (\backslash$$ $9,524\backslash ),$ consisting of accrued interest and principal on December $31$ of each year from $2021$ through $2024.$

Exercise $10-12($Algo$)$ Installment note amortization table LO C$1$

repare an amortization table for this installment note.

Vote: Round all amounts to the nearest whole dollar.

Answer is complete but not entirely correct.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{11\}\{|$c$|\}\{$Payments$\}\backslash \backslash$

$\backslash$hline $\backslash$begin$\{$tabular$\}\{$l$\}$

Period $\backslash \backslash$

Ending $\backslash \backslash$

Date

$\backslash$end$\{$tabular$\}$ & & $($A$)$ inning ance & $\backslash$multicolumn$\{2\}\{|$c$|\}\{($B$)$ Debit Interest Expense$\}$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{($C$)$ Debit Notes Payable$\}$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{($D$)$ Credit Cash$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{($E$)$ Ending Balance$\}\backslash \backslash$

$\backslash$hline $2021$ & $5$ & $\backslash (33,000\backslash \%\backslash )$ & $5$ & $1\mathrm{.}9800$ & $5$ & $\backslash (9\mathrm{.}524\backslash$times $\backslash )$ & $5$ & $7\mathrm{.}544*$ & $5$ & $25\mathrm{.}456\backslash \backslash$

$\backslash$hline $2022$ & & $25,4568$ & & $1,527$ & & $\backslash (9\mathrm{.}524*\backslash )$ & & $7\mathrm{.}997*$ & & $17\mathrm{.}459\backslash \backslash$

$\backslash$hline $2023$ & & $17\mathrm{.}4590$ & & $1\mathrm{.}0480$ & & $\backslash (9\mathrm{.}524*\backslash )$ & & $8,476*$ & & $8\mathrm{.}983-\backslash \backslash$

$\backslash$hline $2024$ & & $8,9830$ & & $4,557$ & & $4,428$ & & $\backslash (8\mathrm{.}985*\backslash )$ & & $0\backslash \backslash$

$\backslash$hline Total & & & $\backslash$$ & $9\mathrm{.}112$ & $\backslash$$ & $33,000$ & $\backslash$$ & $33\mathrm{.}002$ & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ Required information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information apples to the questions displayed belowi$]$

On January $7,2021,$ Eagle Company borrows $\backslash (\backslash$$ $33,000\backslash )$ cash by signing a four$-$year, $\backslash (6\backslash \%\backslash )$ Installment note The note requires four equal payments of $\backslash (\backslash$$ $9,524\backslash ),$ consisting of accrued interest and principal on December $31$ of each year from $2021$ through $2024$

Exercise $10-13($Algo$)$ Installment note entries LO C$1$

Prepare the jourtial entries for Eagle to record the note's issuance and each of the four payments.

Note: Round your intermediate calculations and final answers to the nearest dollar amount.

Journal entry worksheet

Eagle borrows $\backslash (\backslash$$ $33,000\backslash )$ cash by signing a four$-$year, $\backslash (6\backslash \%\backslash )$ installment note,

Record the issuance of the note on lanuary $1,2021.$