On January $1,2024,$ Touric Company purchases new equipment for $$764,000.$ Touric is required to make a down payment of $$102,000$ and issue an installment note for the remaining balance of $$662,000.$ The note requires payments of $$90,369\mathrm{.}49$ every three months, beginning March $31,2024,$ over the next two years. The interest rate on the note is $8\%$ annually $($or $2\%$ every three months$).$

Required:

Record the purchase of equipment with down payment of $$102,000$ and the installment note of $$662,000$ on January $1,2024.$

Record the first payment of $$90,369\mathrm{.}49$ on March $31,2024.$

$($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.$)$

Journal entry worksheet

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Record the purchase of equipment with down payment of $$102,000$ and the installment note of $$662,000$ on January $1,2024.$

Note: Enter debits before credits.