On January 1 , 2 0 Y 2 , Hebron Company issued a $ 7 1 , 0 0 0 , 4 year, 1 1 installment note to Ventsam Bank The note requires annual payments of $ 2 2 , 8 8 5 , beginning on December 3 1 , Paid the annual payment on the note, including interest of $ 2 , 2 6 8 of interest The remainder of the payment reduced the principal balance on the note If an amount box does not require an entry, leave it blank 2 0 Y 5 Dec 3 1 2 0 Y 2 Journalize the entries to record the following 2 0 Y 2 Jan 1 Issued the note for cash at its face amount Dec 3 1 Paid the annual payment on the note, which consisted of interest of $ 7 , 8 1 0 and principal of $ 1 5 , 0 7 5 2 0 Y 5 Dec 3 1 Paid the annual payment on the note, including interest of $ 2 , 2 6 8 of interest The remainder of the payment reduced the principal balance on the note Issued the note for cash at its face amount If an amount box does not require an entry, leave it blank 2 0 Y 2 Jan 1 1 Paid the annual payment on the note, which consisted of interest of $ 7 , 8 1 0 and principal of $ 1 5 , 0 7 5 If an amount box does not require an entry, leave it blank 2 0 Y 2 Dec 3 1 b a r ( ) Show all images Show all images Show all images done loading

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On January 1 , 2 0 Y 2 , Hebron Company issued a $ 7 1 , 0 0 0 , 4   year, 1 1   installment note to Ventsam Bank  The note requires annual payments of $ 2 2 , 8 8 5 , beginning on December 3 1 , Paid the annual payment on the note, including interest of $ 2 , 2 6 8 of interest  The remainder of the payment reduced the principal balance on the note  If an amount box does not require an entry, leave it blank  2 0 Y 5 Dec  3 1 2 0 Y 2   Journalize the entries to record the following  2 0 Y 2 Jan  1 Issued the note for cash at its face amount  Dec  3 1 Paid the annual payment on the note, which consisted of interest of $ 7 , 8 1 0 and principal of $ 1 5 , 0 7 5   2 0 Y 5 Dec  3 1 Paid the annual payment on the note, including interest of $ 2 , 2 6 8 of interest  The remainder of the payment reduced the principal balance on the note  Issued the note for cash at its face amount  If an amount box does not require an entry, leave it blank  2 0 Y 2 Jan  1 1 Paid the annual payment on the note, which consisted of interest of $ 7 , 8 1 0 and principal of $ 1 5 , 0 7 5   If an amount box does not require an entry, leave it blank  2 0 Y 2 Dec  3 1   b a r ( ) Show all images Show all images Show all images done loading

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Question: On January 1 , 2 0 Y 2 , Hebron Company issued a $ 7 1 , 0 0 0 , 4 - year, 1

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