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On January 1 , 2 0 2 4 , Corvallis Carnivals borrows $ 3 0 , 0 0 0 to purchase a delivery truck by

On January 1,2024, Corvallis Carnivals borrows $30,000 to purchase a delivery truck by agreeing to a 5%, five-year loan with the
bank. Payments of $566.14 are due at the end of each month, with the first installment due on January 31,2024.
Record the issuance of the installment note payable and the first monthly payment. (If no entry is required for a particular
transaction/event, select "No Journal Entry Required" in the first account field. Do not round your intermediate calculations.
Round your final answers to 2 decimal places.)
Journal entry worksheet
Record the issuance of the installment note payable.
Note: Enter debits before credits.
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