On January 1,2016,Belden,Inc.issued long-term notes payable for $50,000.The note will be paid over 10 years with payments of $5,000 plus 12% interest due each January 1,beginning January 1,2017.Prepare the amortization schedule for the first three payments.

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The Answer of On January 1,2016,Belden,Inc.issued long-term notes payable for $50,000.The note will be paid over 10 years with payments of $5,000 plus 12% interest due each January 1,beginning January 1,2017.Prepare the amortization schedule for the first three payments.