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On January $1,2024,$ Middling Company borrows $$34,00$ w agreeing to a $7\%,4-$year note with the bank. Payments of $$814\mathrm{.}17$ are due at the end of each month with the first installment due on January $31,2024.$

Required:

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.$)$

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$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[i,1,$January $01,2024,$Cash,,$],[,,$Notes Payable,,$],[0,2,$January $31,2024,$Interest Expense,,$],[,,$Notes Payable,,$],[,,$Cash,,$],[$i$,3,$February $28,2024,$Interest Expense,,$],[,=,$Notes Payable,,$],[,,$Cash,,$]]$

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