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Question 3 3.5 Points On January 1, 2020, a corporation borrows $75,000 from a bank to purchase plant asset. It signs 4% installment note requiring 5 annual payments of principal plus interest. Required: The journal entry for the installment payment at December 31, 2022? Important Note: Your answers should include (Account, amount, Debit or Credit) Use the editor to format your answer Question 4 1.5 Points White Co. issued 5%, 5-year bonds with a PAR value of 550,000. White Co. sale all these bonds and received $48,000 cash. White Co. paid interest semi-annually (June and December till maturity date). Required: 1. Journal entry at issuance date. 2. Journal entry of payment interests after 6 months Important Note: Your answers should include (Account amount, Debit or Credit) Use the editor to format your answer Question 5 1 Point A corporation sells items for 57,000 cash and the sales are subject to 7% sales tax. Required: The journal entry to record this transaction. Important Note: Your answers should include (Account, amountDebitor Credit)