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On January 1, a company borrowed cash by Issuing a $400,000,8%, Installment note to be paid in three equal payments at the end of each year beginning December 31 (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 What would be the amount of each installment? Prepare an amortization table for the installment note. Prepare the journal entry for the second installment payment Complete this question by entering your answers in the tabs below. Annual Payment Amort Table General Journal What would be the amount of each installment? (Round final answer to the nearest whole dollar.) Annual Payment Anonymont Amort Table> On January 1, a company borrowed cash by issuing a $400,000, 8%. Installment note to be paid in three equal payments at the end of each year beginning December 31 EV of $1. PV of S1, EVA of S1, PVA of 31. EVAD of 1 and PVAD of 3) What would be the amount of each installment? Prepare an amortization table for the installment note Prepare the journal entry for the second installment payment Complete this question by entering your answers in the tabs below. Annual Payment General Amort Table Journal Prepare an amortization table for the installment note. (Round your intermediate and inal anwer to the nearest whole dollar) Cash Payment Interest Expense Decrease in Balance Outstanding Balance 5 400.000 1 2 3 Total Annual Payment Amort Table General Journal Prepare the journal entry for the second installment payment. (Round your intermediate and final answers to the no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet

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