Question: On January 1 , 2 0 2 6 , Tina's Tamales borrows $ 1 3 , 0 0 0 to purchase a delivery truck by

On January 1,2026, Tina's Tamales borrows $13,000 to purchase a delivery truck by agreeing to a 6%, three-year loan with the bank. Payments of $395.49 are due at the end of each month, with the first installment due on January 31,2026.
How will the issuance of the note payable and the first monthly payment affect the financial statements?

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