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Exercise 9-2 (Algo) Record installment notes (LO9-2) On January 1,2024, Tropical Cruise Lines borrows $31,000 by agreeing to a 6x, six-year note with the bank.

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Exercise 9-2 (Algo) Record installment notes (LO9-2) On January 1,2024, Tropical Cruise Lines borrows $31,000 by agreeing to a 6x, six-year note with the bank. Loan payments of $513.76 are due at the end of each month with the first instaliment due on January 31,2024 . Required: Fecord the issuance of the installment note poyoble and the first two manthly poyments. (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 aceount field.). Journal entry worksheet Record the issuance of a note payable

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