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On danuary 1 of Year 1, Bryson Company obtaned a $163,500,4-year, 12% instalment nole from Carnpbell Bank. The note requires annual payments of \$53,830, beginring on December 31 of Year 1. Required: a. Prepare a table for this installment note, similar to the one presented in Exhaid.4. b. Joumatize the entries for the issuance of the note and the four annual note paymen's. c. Descnibe how the annual note payment woud be reported on the Year t income statement. Chart of Accounts 221 Salaries Payable 541 Bad Dese Expense 231 Sales Tax Payable 561 Deprecation Expense-Store Equipment 232 Interes Payable 562 Depreciation Expense-Olsce Equipment 241 Notes Payabin 590 Miscelanwous Expense 251 Bends Payable 710 interest Expense 252 Discount on Bonds Payable 711 Loss on Redemption of Bonds 253 Premum on Bonds Payable EQUIT 311 Common stock 312 Paidin Capital in Excess of Pan-Comman Stock 315 Treasury Stock 321 Prelerred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital trom Sale of Treasury Stock 340 Relaned Eamings 351 Caah Divdends a. Prepare a tacle lov inis instelmeve nowe, similar to she eve presented at Enhibi. Adsctrana inseriction General deumal ksstructoons Llow does shortiog work? General Journal How does stading work? General Journal General Joumal I Finat Quastion

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