entries for installment note transactions on january 1 of year 1, bryson company obtained a $147,750, four-year, 7% installment note from campbell bank. the note requires annual payments of $43,620, beginning on december 31 of year 1. question content area a. prepare a amortization table for this installment note, similar to the one presented in exhibit 4. round the computation of the interest expense to the nearest whole dollar. enter all amounts as positive numbers. (note: due to rounding, the year 4 interest expense is provided.) amortization of installment notes for the year ending dec. 31 january 1 carrying amount note payment (cash paid) interest expense (7% of january 1 note carrying amount) decrease in notes payable december 31 carrying amount year 1 $fill in the blank a2b0f3f65fdcfb4 1 $fill in the blank a2b0f3f65fdcfb4 2 $fill in the blank a2b0f3f65fdcfb4 3 $fill in the blank a2b0f3f65fdcfb4 4 $fill in the blank a2b0f3f65fdcfb4 5 year 2 fill in the blank a2b0f3f65fdcfb4 6 fill in the blank a2b0f3f65fdcfb4 7 fill in the blank a2b0f3f65fdcfb4 8 fill in the blank a2b0f3f65fdcfb4 9 fill in the blank a2b0f3f65fdcfb4 10 year 3 fill in the blank a2b0f3f65fdcfb4 11 fill in the blank a2b0f3f65fdcfb4 12 fill in the blank a2b0f3f65fdcfb4 13 fill in the blank a2b0f3f65fdcfb4 14 fill in the blank a2b0f3f65fdcfb4 15 year 4 fill in the blank a2b0f3f65fdcfb4 16 fill in the blank a2b0f3f65fdcfb4 17 2,853 fill in the blank a2b0f3f65fdcfb4 18 0 $fill in the blank a2b0f3f65fdcfb4 19 $fill in the blank a2b0f3f65fdcfb4 20 $fill in the blank a2b0f3f65fdcfb4 21 question content area b. journalize the entries for the issuance of the note and the four annual note payments. for a compound transaction, if an amount box does not require an entry, leave it blank. year 1 jan. 1 - select - - select - year 1 dec. 31 - select - - select - - select - - select - - select - - select - year 2 dec. 31 - select - - select - - select - - select - - select - - select - year 3 dec. 31 - select - - select - - select - - select - - select - - select - year 4 dec. 31 - select - - select - - select - - select - - select - - select - question content area c. how will the annual note payment be reported in the year 1 income statement? of $fill in the blank c0728c01afa4ff0 2 would be reported on the income statement.
