On January 1, 2010, Zinn Company obtained a $52,000, four-year, 6.5% installment note from Fidelity Bank. The note requires annual payments of $15,179, beginning on December 31, 2011.
a) Prepare an amortization table for this installment note.
b) Journalize the entries for the issuance of the note and the four annual note payments.