Question: Exercise 9-2A Record installment notes (LO9-2) On January 1, 2021, Tropical Paradise borrows $44.000 by agreeing to a 6%, six-year note with the bank. The

Exercise 9-2A Record installment notes (LO9-2) On January 1, 2021, Tropical Paradise borrows $44.000 by agreeing to a 6%, six-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 $729.21 are due at the end of each month with the first installment due on January 31, 2021 worded 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.) flook No Data January 01, 2021 General Journal Debit Credit 1 3 rences 2 January 31, 2021 @ @ @ 3 February 28, 2021

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