Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) On January 1, 2021, Eagle Company borrows $19,000 cash by signing a four-year, 8% installment note. The note requires four equal payments of $5,737, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024. Exercise 10-13 (Algo) Installment note entries LO C1 repare the journal entries for Eagle to record the note's issuance and each of the four payments. Hote: Round your intermediate calculations and final answers to the nearest dollar amount. View transaction list Journal entry worksheet 2 3 Eagle borrows $19,000 cash by signing a four-year, 8% installment note. Record the issuance of the note on January 1, 2021.

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