create a jounal entry

Required information Problem 9-2A (Static) Prepare amortization schedule and record installment notes (LO9-2) [The following information applies to the questions displayed below.] On January 1, 2024, Strato Corporation borrowed $2 million from a local bank to construct a new building over the next three years. The loan will be paid back in three equal installments of $776,067 on December 31 of each year. The payments include interest at a rate of 8% roblem 9-2A (Static) Part 1 lequired: Record the cash received when the note is issued. (If no entry is required for a particular transaction/event, select "No Journal intry Required" in the first account field. Enter your answer in dollars, not millions (i.e., $5.5 million should be entered as , 500,000).)