Question: Exercise 9-2 (Algo) Record installment notes (LO9-2) 0.1 points On January 1, 2024, Paradise Tours borrows $47,000 by agreeing to a 6%, six-year note with

Exercise 9-2 (Algo) Record installment notes (LO9-2) 0.1 points On January

Exercise 9-2 (Algo) Record installment notes (LO9-2) 0.1 points On January 1, 2024, Paradise Tours borrows $47,000 by agreeing to a 6%, six-year note with the bank. Loan payments of $778.93 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.) eBook Hint View transaction list Print Journal entry worksheet References Record the issuance of a note payable. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2024 Record entry Clear entry View general journal

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