Question: please show work as well, thanks! Problem 10-5A (Algo) Installment notes LO C1 On November 1, 2020, Norwood borrows $410,000 cash from a bank by

please show work as well, thanks!
please show work as well, thanks! Problem 10-5A (Algo) Installment notes LO
C1 On November 1, 2020, Norwood borrows $410,000 cash from a bank
by signing a five-year installment note bearing 9% interest. The note requires
equal payments of $105,407 each year on October 31. Required: 1. Complete

Problem 10-5A (Algo) Installment notes LO C1 On November 1, 2020, Norwood borrows $410,000 cash from a bank by signing a five-year installment note bearing 9% interest. The note requires equal payments of $105,407 each year on October 31. Required: 1. Complete an amortization table for this installment note. 2. Prepare the journal entries in which Norwood records the following: (a) Accrued interest as of December 31, 2020 (the end of its annual reporting period). (b) The first annual payment on the note Complete this question by entering your answers in the tabs below. Reg 1 Red 2A and 2B 2. riepdieu juunid ESHI WHILI INUIWUUU TELULUS U TUHU (a) Accrued interest as of December 31, 2020 (the end of its annual reporting period). (b) The first annual payment on the note. Complete this question by entering your answers in the tabs below. Req 1 Req 24 and 28 Complete an amortization table for this installment note. (Round your intermediate calculations to the nearest dollar amount.) Period Ending Date Beginning Balance Debit Interest Expense Debit Notes Payable - Credit Cash Ending Balanc 10/31/2021 10/31/2022 10/31/2023 10/31/2024 10/31/2025 Total Reg 2A and 28 >

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