PRINTER VERSION BACK NEXT Question 53 On July 1, 2017, Granville Ltd. borrowed $15,100 by signing a two-year, 4 note payable. The note is payable in two annual blended principal and interest installments of $8,006 on June 30. Adjusting journal entries are recorded annually at year and on December 31 Prepare an instalment payment schedule for the term of the note. (Round answers to the nearest whole dollar, ... 5.255.) Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance July 1, 2017 June 30, 2018 June 30, 2019 Record (1) the issue of the note on July 1, 2017; (2) the accrual of interest on December 31, 2017; and (3) the first payment on unes 2018. Round answers to the nearest whole dollar, g. 5,275. Credit account icles are automatically indented when the amounts entered Do n dent many) Account Titles and Explanation Date 2017 2018 Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kiese, Trenholm, Irvine, and Burnley 2018 June 30 the section of Gran 's statement of financial What amounts would be reported as current and non-current in the to the nearest whole dollar, e.g. 5,255.) on December 31, 2017 Round answers GRANVILLE LTD. Statement of Financial Position (Partial) December 31, 2018 Question Attempts of used SPOR LATES T ANSWER MacBOOK