$On$ January $1,2024,$ Benson Company purchases new equipment for $$720,000.$ Benson $is$ required $to$ make a down payment $of$ $$114,000$ and issue $an$ installment note for the remaining balance $of$ $$606,000.$ The note requires payments $of$ $$82,724\mathrm{.}94$ every three months, beginning March $31,2024,$ over the next two years. The interest rate $on$ the note $is8\%$ annually $(or2\%$ every three months$).$ Required: $1.$ Record the purchase $of$ equipment with down payment $of$ $$114,000$ and the installment note $of$ $$606,000on$ January $1,2024.2.$ Record the first payment $of$ $$82,724\mathrm{.}94on$ March $31,2024.(Ifno$ entry $is$ required for a particular transactio$\frac{n}{e}$vent, select $"No$ Journal Entry Required" $in$ the first account field. $Do$ not round intermediate calculations. Round your answers $to2$ decimal places.$)$

$On$ January $1,2024,$ Benson Company purchases new equipment for $$720,000.$ Benson $is$ required $to$ make a down payment $of$

$$114,000$ and issue $an$ installment note for the remaining balance $of$ $$606,000.$ The note requires payments $of$ $$82,724\mathrm{.}94$ every three

months, beginning March $31,2024,$ over the next two years. The interest rate $on$ the note $is8\%2\%$ every three months$$114,000$ and the installment note $of$ $$606,000on$ January $1,2024.$

Record the first payment $of$ $$82,724\mathrm{.}942$ decimal places.$$114,000$ and the

stallment note $of$ $$606,000on$ January $1,2024.$

Note: Enter debits before credits. $On$ January $1,2024,$ Benson Company purchases new equipment for $$720,000.$ Benson $is$ required $to$ make a down payment $of$

$$114,000$ and issue $an$ installment note for the remaining balance $of$ $$606,000.$ The note requires payments $of$ $$82,724\mathrm{.}94$ every three

months, beginning March $31,2024,$ over the next two years. The interest rate $on$ the note $is8\%2\%$ every three months$$114,000$ and the installment note $of$ $$606,000on$ January $1,2024.$

Record the first payment $of$ $$82,724\mathrm{.}942$ decimal places.