Question: do worksheet Exercise 9-2 (Algo) Record installment notes (LO9-2) On January 1, 2024. Royal Paradise borrows $38,000 by agreeing to a 6%, five-year note with

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Exercise 9-2 (Algo) Record installment notes (LO9-2) On January 1, 2024. Royal Paradise borrows $38,000 by agreeing to a 6%, five-year note with the bank. Loan payments of $734.65 are due at the end of each month with the first installment due on January 31, 2024. Required: Record the issuance of the installment note payable and the first two monthly payments. (Do not round intermediate calculations. Round your final answers to 2 decimal places. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Record the issuance of a note payable. Note: Enter debits before credits General Journal Debit Credit Date January 01, 2024

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