Question: show work Exercise 10-12 Installment note amortization table LO C1 On January 1, 2019. Eagle company borrows $30,000 cash by signing a four-year, 7% installment
Exercise 10-12 Installment note amortization table LO C1 On January 1, 2019. Eagle company borrows $30,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $8,857. consisting of accrued interest and principal on December 31 of each year from 2019 through 2022 Prepare an amortization table for this installment note (Round all amounts to the nearest whole dollar.) Payments (4) Beginning Balance 5 30,000 Debinterest Debit Notes Expo Payablo $ 2.100 Ending Balance 5 Perlod Ending Dato 2019 2020 2021 2022 Total Casti 8,857 8.857 8857 8,857 35,428 0 21.143 -19 043 $ 30 000 30 000 5 $
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