Required information

Use the following information for the Exercises below. (Algo)

[The following information applies to the questions displayed below.]

On January 1, 2021, Eagle Company borrows $21,000 cash by signing a four-year, 5% installment note. The note requires four equal payments of $5,922, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024.

Exercise 10-12 (Algo) Installment note amortization table LO C1

Prepare an amortization table for this installment note.

Note: Round all amounts to the nearest whole dollar.

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] On January 1,2021, Eagle Company borrows $21,000 cash by signing a four-year, 5% instaliment note. The note requires four equal payments of $5,922, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024 Exercise 10-12 (Algo) Installment note omortization table LO C1 Prepare an amortization table for this installment note. Note: Round all amounts to the nearest whole dollor