Question: pls help me, the other answer here, the numbers are not visible in the picture wconnect.meducation arte 2 Saved Help Save & Exit Submit On


wconnect.meducation arte 2 Saved Help Save & Exit Submit On January 1. McNeil Company borrows $132.000 cash by signing a four-year, 7% installment note. The note requires four equal payments consisting of accrued interest and principal on December 31 of each for the next four years Required: 1. Compute the amount of each of the four equal payments. (Note: Use Table 8.3 in Appendix B) 2. Prepare an amortization table for this installment note 3. Prepare the journal entries in which McNeil Company records the following () McNeil Company borrows $132.000 cash by signing a four-year, 7% installment note by Record the first payment on December 31, Year 1 Record the last payment on December 31 Year 4 Complete this question by entering your answers in the tabs below. RG 1 Reg 2 He touc Compute the amount of each of the four equal payments. (Hound the PV factor to four decimal places. Round your answer to the nearest whole dollar) Amount of each payment Reg 2 > Save Suomi 2 Parte 2 + 2. Prepare an amortization table for this installment note 3. Prepare the journal entries in which McNeil Company records the following (a) McNeil Company borrows $132000 cash by signing a four-year 7% installment note ( Record the first payment on December 31 Year 1 Record the last payment on December 31 Year 4 Complete this question by entering your answers in the tabs below. 05 Reg Re R A to Prepare an amortization table for this installment note. (Round your intermediate calculations to the nearest dollar amount. Round your answer to the nearest whole dollars) Period Beginning Balance Debit Inforest Expense Deble Notes Payable Credit Cash Ending Balance Year 1 Year 2 Years Year 4 Total 0 $ Prepare the journal entries in which McNeil Company records the following: (a) McNeil Company borrows $132,000 cash by signing a four year, 7% installment note. (b) Record the first payment on December 31, Year (c) Record the last payment on December 31, Year 4 Show less View transaction lit S6 Journal entry worksheet > 1 2 3 Record McNeil Company's borrowing of $132,000 cash by signing a four year 70 installment note om det bort Debit Credit General Journal Date January 01
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