Question: Required Information Problem 9-2A (Algo) Prepare amortization schedule and record Instaliment notes (LO9-2) [The following information spplies to the questions displayed below] On January 1,
Required Information Problem 9-2A (Algo) Prepare amortization schedule and record Instaliment notes (LO9-2) [The following information spplies to the questions displayed below] On January 1, 2024, Rosemont Corporation borrowed $20 milion from a local bank to construct a new buliding over the next three years. The loan will be paid back in three equal installments of $8,042,296 on Decernber 31 of each year. The payments include interest at a tate of 10% Problem 9-2A (Algo) Part 3 3se amounts from the amortization schedule to record each instailment payment. (If no entry is required for a particulnr. ransaction/event, select "No Journal Entry Required" In the first account field. Enter your answer in dollars, not mililons. (l.e., 55
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