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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

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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 CH Debit Credit Date Sep 01, 2020 * 2. Record the journal entries for the first two payments on the note. Start each entry on a starred row. General Journal Date Debit Credit * *

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