Question: i need the number answers that fill the empty boxes Journalizing Installment Notes On the first day of the fiscal year, a company issues $63,000,
Journalizing Installment Notes On the first day of the fiscal year, a company issues $63,000, 12%, five-year installment notes that have annual payments of $17,477. The first note payment consists of $7,560 of interest and $9,917 of principal repayment a. Journalize the entry to record the issuance of the installment notes. Cash Notes Payable Feedback Check My Work Partially correct b. Journalize the first annual note payment. If an amount box does not require an entry, leave it blank Interest Expense Notes Payable Cash 8
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