Question: On January 1 , 2 0 2 1 , Eagle Company borrows $ 3 1 , 0 0 0 cash by signing a four -

On January 1,2021, Eagle Company borrows $31,000 cash by signing a four-year, 8% installment note. The note requires
four equal payments of $9,360, consisting of accrued interest and principal on December 31 of each year from 2021
through 2024.
Prepare the journal 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.
Answer is not complete.
Please help me with the debit and credit entries.
On January 1,2021, Eagle Company borrows $31,000 cash by signing a

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