Exercise 9-2A Record installment notes (LO9-2) On January 1, 2021, Tropical Paradise borrows $38,000 by agreeing to a 6%, five-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $734.65 are due at the end of each month with the first installment due on January 31, 2021. 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.) No Answer is complete but not entirely correct. Date General Journal Debit January 01, 2021 Cash 38,000.00 Notes Payable Credit 1 38,000.00 2. January 31, 2021 Interest Expenso Notes Payable Cash OOO 190.00 544.65 734.65 Answer is complete but not entirely correct. No General Journal Credit Date January 01, 2021 Cash Notes Payable Debit 38,000.00 > 38,000.00 2 January 31, 2021 Interest Expense Notes Payable Cash DO 190.00 544.65 734.65 3 February 28, 2021 Interest Expense Notes Payable Cash 190.00 X 544.65 734.65