Journalizing Installment Notes

On the first day of the fiscal year, a company issues $$47,000,9\%,$ ?four$-$year installment notes that have annual payments of $$14,507.$ ?The first note payment consists of $$4,230$ ?of interest and $$10,277$ ?of principal repayment.

a$.$ ?Journalize the entry to record the issuance of the installment notes. If an amount box does not require an entry, leave it blank.

b$.$ ?Journalize the first annual note payment. If an amount box does not require an entry, leave it blank.

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Module $5$ ?Problem Set assignment take frame