On January 1, 2023, Atlas International obtained a $520,000, 30 year, 4% installment note from the...

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On January 1, 2023, Atlas International obtained a $520,000, 30 year, 4% installment note from the First Mortgage Bank. The note requires monthly payments of $7,837, with the first payment occuring on January 31, 2023. Prepare an Installment Note Schedule as indicated below. Also record the note issuance and payment of first two instalments. Do not round off intermediate calculations. Round off your final inputs to the nearest penny two decimal places) a. Installment note schedule. Payment Payment Amount Interest Principle Balance Expense O 2 3 b. Journalize the issuance of installment note and first two payments. b. Journalize the issuance of installment note and first two payments. i. Issuance of installment note. ii. First payment. iii. Second installment payment. IT E 11:22 PM On January 1, 2023, Atlas International obtained a $520,000, 30 year, 4% installment note from the First Mortgage Bank. The note requires monthly payments of $7,837, with the first payment occuring on January 31, 2023. Prepare an Installment Note Schedule as indicated below. Also record the note issuance and payment of first two instalments. Do not round off intermediate calculations. Round off your final inputs to the nearest penny two decimal places) a. Installment note schedule. Payment Payment Amount Interest Principle Balance Expense O 2 3 b. Journalize the issuance of installment note and first two payments. b. Journalize the issuance of installment note and first two payments. i. Issuance of installment note. ii. First payment. iii. Second installment payment. IT E 11:22 PM