SMEH Entries for installment Note Transactions on January 1, Year 1. Bryson Company and 145,000 for year, the term Campbell Bank. The more peo13, 0, being on December 31, rear Prepare mortation table for this statement note, war to the one presented when the computation of the Interest expense to the nearest whole dollar. Enter mounts out 4 round the amount in the Decrease Nos Payable column with up or down to ensure that the carrying amount were ut Amortization of Instament Notes Interest Expense of January 1 Year Ending January Note Payment Note Carrying Decrease in December December 31 Carrying Amount (Cash Paid) Amount Notes Payable Carrying Amount Year 1 YAN Year Year boumate the entries for the tance of them and the four annualmente Note: If an amount box does not require an entry, witbank. For the year entry to rounding artes plupar comes to read and Ver 23 Al wat M VENTES b. Journalize the entries for the face of the note and the four annual note payments. Note: If an amount box does not require an entry leave it blank for the Year 4 entry(dotto rounding), dus Notes Payable up or down to ensure that its equal crets Year 1 jan. 1 Year 1 Dec. 31 Year 2 Dec. 31 Year 1 Dec 31 Year 4.31 este pe Notas payable mamente reported in the comes would be reported on the constant Al warh Amortization of Installment Notes EXHIBIT 4 B Year Ending December 31 2014 2045 2016 2017 20Y8 January 1 Carrying Amount $24,000 19,742 15,229 10,445 5,374 Note Payment (Cash Paid) $ 5,698 5,698 5,698 5,698 5698 $28,490 Interest Expense (6% of January 1 Note Carrying Amount) $1,440 16% of $24,000) 1,185 (6% of $19,742) 914 16% of $15,229) 627 (6% of $10,445) 324" (6% of $5,374) $4,490 D Decrease in Notes Payable (B-C) $ 4,258 4,513 4,784 5,071 5,374 $24,000 December 31 Carrying Amount (A-D) $19,742 15,229 10,445 5,374 *Rounded $5,098 -55374)