Question: A note payable has been issued and has monthly installment payments of $ 5 , 4 8 0 . For the payment on April 3

A note payable has been issued and has monthly installment payments of $5,480. For the payment on April 30,2023, the monthly interest amount is $560. Prepare the journal entry.
Do not enter dollar signs or commas in the input boxes.
For transactions with more than one debit, enter the accounts in alphabetical order.
Date Account Title and Explanation Debit Credit
Apr 30 Answer
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To record the monthly installment

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