4- Homework Help Save & Exit Submit Saved Check my work On January 1, 2017, MM Co. borrows $270,000 cash from a bank and in return signs an 4% installment note for five annual payments of $60,649 each, with the first payment due one year after the note is signed. (Table B.3) (Use PV factors from table provided.) 1. Prepare the journal entry to record issuance of the note. ok View transaction list Journal entry worksheet nt Record the issuance of the note. Prev 6 of 8 Next >