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  3. 21 on january 1 year 1. beatle co, borrowed $350,0

21 On January 1 Year 1. Beatle Co, borrowed $350,000 cash trom Central Bank by...

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Accounting

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21 On January 1 Year 1. Beatle Co, borrowed $350,000 cash trom Central Bank by issuing a five year 5 percent note. The principal and interest are to be paid by making annual payments in the amount of $80.841. Payments are to be made December 31 of each year, beginning December 31 Year 1 Required Prepare an amortization schedule for the interest and principal payments for the live year period. (Round your answers to the nearest dollar amount.) 2 0090 01 BEATIE CO Amortization Schedule Cash Payments Applied to December 31 Interest Principal Balance on January 1 Year Applied to Principal Principal Balance End of Period Year 1 Year 2 Year Year Year 5

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