Mahdia Corporation bought a box truck for $160,000 on September 1, 2020, by signing a promissory note. The terms of the note were 3%, 4 years, monthly payments of $3541 required.

Mahdia Corporation bought a box truck for $160000 on September 1, 2020, by signing a promissory note. The terms of the note were 3%, 4 years, monthly payments of $3541 required. 1. Record the journal entry for signing of the note. Start each entry on a starred row. General Journal Date Sep 01, 2020 debit accounts here credit accounts here Debit Credit * 2. Record the journal entries for the first two payments on the note. Start each entry on a starred row. General Journal Date Debit debit accounts here credit accounts here Credit