On January $1,2024,$ Tropical Cruise Lines borrows $$31,000$ by agreeing to a $6\%,$ six$-$year note with the bank. Loan payments of $$513\mathrm{.}76$ are due at the end of each month with the first installment due on January $31,2024.$

Required:

Record the issuance of the installment note payable and the first two monthly payments. $($Do not round intermediate calculations. Round your final answers to $2$ decimal places. If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

$\backslash$table$[[,$No$,$Date,,General Journal,Debit,Credit$],[0,1,$January $01,2024,$Cash,,$31,000\mathrm{.}00,],[,,$Notes Payable,Sing,,$31,000\mathrm{.}00$