Question: Exercise 10-12 Installment note amortization table LO C1 On January 1, 2019, Eagle Company borrows $16,000 cash by signing a four-year, 5% installment note. The

Exercise 10-12 Installment note amortization table LO C1 On January 1,

Exercise 10-12 Installment note amortization table LO C1 On January 1, 2019, Eagle Company borrows $16,000 cash by signing a four-year, 5% installment note. The note requires four equal payments of $4,512, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollar.) (A) Beginning Balance Payments (B) (C) Debit Interest Debit Notes Expense Payable (D) Credit Cash (E) Ending Balance Period Ending Date 2019 2020 2021 2022 Total

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