On Jan1, year 4, Lewis Co. Issued $24,000, of 5 year, 6% installment note to City Bank. Annual payments are $5698. Compu

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On Jan1, year 4, Lewis Co. Issued $24,000, of 5 year, 6%
installment note to City Bank. Annual payments are $5698. Compute
the following (20 marks) Journalize the entry to record the
issuance of note. journalize the entries to record the following:
a, The first payment on Dec 31, Year. 4. b. The second payment on
Dec 31, Year 5 C, The third payment on Dec 31,Year 6. d. The fourth
payment on Dec 31, year 7. e. The fifth payment on Dec 31,year 8.
Note: Make a table of amortization of Installment note for 5
payments periods. And then do journal entries for each period by
using figures from the table