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2.) We are rescarching an expansion of a new brownie line. First, we explore acquiring a 10-yr. loan of $500.000 from Friendly Bank, at

2.) We are rescarching an expansion of a new brownie line. First, we$500,000 from Friendly Bank, at a 4% interest rate, with 

2.) We are rescarching an expansion of a new brownie line. First, we explore acquiring a 10-yr. loan of $500.000 from Friendly Bank, at a 4% interest rate, with a monthly payment of SS.062:26. Payments are due the first every month. Record the journal entries for the signing of the loan, and the first four monthly payments.

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