Entries for Installment Note Transactions On January 1, Year 1, Bryson Company obtained a $19,000, four-year, 11% instal

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Entries for Installment Note Transactions
On January 1, Year 1, Bryson Company obtained a $19,000,four-year, 11% installment note from Campbell Bank. The noterequires annual payments of $6,124, beginning on December 31, Year1.
Question Content Area
a. Prepare an amortization table for thisinstallment note, similar to the one presented in Exhibit4.
Note: Enter all amounts to the nearestwhole dollar. Round Year 4 InterestExpense (up or down) to ensure the carrying amount is zero at theend of the note term.
Question Content Area
b. Journalize the entries for theissuance of the note and the four annual note payments.
Note: For a compound transaction, if an amount box doesnot require an entry, leave it blank. For the Year 4 entry (due torounding), adjust Notes Payable up or down toensure that debits equal credits.
Accounts PayableCashInterest ExpenseInterest PayableNotesPayableNotes Receivable
Accounts PayableCashInterest ExpenseInterest PayableNotesPayableNotes Receivable
Accounts PayableCashInterest ExpenseInterest PayableInterestReceivableNotes Receivable
Accounts PayableCashInterest PayableInterest ReceivableNotesPayableNotes Receivable
Accounts PayableCashInterest ExpenseInterest PayableNotesPayableNotes Receivable
Accounts PayableCashInterest ExpenseInterest PayableInterestReceivableNotes Receivable
Accounts PayableCashInterest PayableInterest ReceivableNotesPayableNotes Receivable
Accounts PayableCashInterest ExpenseInterest PayableNotesPayableNotes Receivable
Accounts PayableCashInterest ExpenseInterest PayableInterestReceivableNotes Receivable
Accounts PayableCashInterest PayableInterest ReceivableNotesPayableNotes Receivable
Accounts PayableCashInterest ExpenseInterest PayableNotesPayableNotes Receivable
Accounts PayableCashInterest ExpenseInterest PayableInterestReceivableNotes Receivable
Accounts PayableCashInterest PayableInterest ReceivableNotesPayableNotes Receivable
Accounts PayableCashInterest ExpenseInterest PayableNotesPayableNotes Receivable
Question Content Area
c. How will the annual note payment bereported in the Year 1 income statement?
Interest expenseNotes payable
of $fill in the blank c7af7dfdaff6f87_2 would bereported on the income statement.