Problem 10-6A Installment notes LO C On November 1, 2017, Norwood borrows $460,000 cash from a bank by signing a five-year installment note note requires equal payments of $118,261 each year on October 31. Table B.1. Table B2 Iable 8.3, and Iable B.4) (Use appropriate bearing 9% interest. The factor(s) from the tables provided.) 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, 2017 (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 2A and 2B Req 1 to the nearest dollar amount.) Complete an amortization table for this installment note. (Round your intermediate ca Next> K Prev 8of9 709 PM here to search 6 Req1 Req 2A and 28 Complete an amortization table for this installment note. (Round your intermediate calculations to the nearest dollar amount.) Period Ending Beginning Debit Interest+ Debit Notes Payable Credit Cash Ending Balance Balance Expense Date 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 Total Print > Req 2A and 2B Type here to search FAO F6 10 Journal entry worksheet 2 Print References Record the interest accrued on the note as of December 31, 2017. Note: Enter debits before credits. Date Dec 31, 2017 Next >