Question: Exercise 10-10 Installment note amortization table LO C1 On January 1, 2018, Eagle borrows $32,000 cash by signing a four-year, 9% installment note. The note

Exercise 10-10 Installment note amortization table LO C1 On January 1, 2018, Eagle borrows $32,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $9,877, consisting of accrued interest and principal on December 31 of each year from 2018 through 2021. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollar.)

Exercise 10-10 Installment note amortization table LO C1 On January 1, 2018,

Payments (A) (B) (C) (D) (E) Period Ending C Ending Beginning Balance Debit Interest Expense Debit Notes Payable redit Cash Balance Date 2018 2019 2020 2021 Total

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