Question: Exercise 10-13 Installment note entries LO C1 2 Exercise 10-13 Installment note entries LO C1 On January 1, 2019, Eagle Company borrows $16.000 cash by

Exercise 10-13 Installment note entries LO C1

2 Exercise 10-13 Installment note entries 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 04:03:45 Prepare the journal entries for Eagle to record the note's issuance and the four payments (Round your intermediate calculations and final answers to the nearest dollar amount.) Book View transaction list HE Journal entry worksheet Eagle borrows $16,000 cash by signing a four year, 5% installment note Record the issuance of the note on January 1, 2019 Note: Enter debts before credits Date General Journal Debit Credit

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