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Required information (The following information applies to the questions displayed below) On January 1, 2020, Eagle Company borrows $35,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $10,333, consisting of accrued interest and principal on December 31 of each year from 2020 through 2023 Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollar.) Period Ending Date 2020 2021 2022 2023 Payments (A) (B) (C) (D) (E) Beginning Debit Interest Debit Notes Credit Cash Ending Balance Expense Payable Balance $ 35,000 $ 2,450 $ 7,883 $ 10,333 $ 27.117 27.117 1,898 8,435 10,333 18,682 18,682 1,308 9,025 10,333 9,657 9,657 676 9,657 10,333 0 $ 6,332 $ 35,000 $ 41,332 Total Required information [The following information applies to the questions displayed below) On January 1, 2020, Eagle Company borrows $35,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $10,333, consisting of accrued interest and principal on December 31 of each year from 2020 through 2023 Prepare the journal entries for Eagle to record the note's Issuance and each of the four payments. (Round your intermediate calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet 2 3 4 1 5 Eagle borrows $35,000 cash by signing a four-year, 7% installment note. Record the issuance of the note on January 1, 2020. Note: Enter debits before credits Date General Journal Credit Debit 35,000 Jan 01, 2020 Cash Notes payable 35,000 Journal entry worksheet 1 2 3 N 4 5 Record the payment of the first installment payment of interest and principal on December 31, 2020. Note: Enter debits before credits. General Journal Date Dec 31, 2020 Debit Credit Record entry Clear entry View general journal Journal entry worksheet