On January $1,2021,$ Julee Enterprises borrows $$31,000$ to purchase a new Toyota Highlander by agreeing to a $9\%,4-$year note with the bank. Payments of $$771\mathrm{.}44$ are due at the end of each month with the first installment due on January $31,2021.$

Record the issuance of the note payable and the first two monthly payments. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$

Journal entry worksheet

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Record the issuance of the note payable on Jan $01,2021.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,2021,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$