On January 1, 2015, Brooks Inc. borrows $90,000 from a bank and signs a 5% installment note requiring four annual payments of $25,381 Click here to see payment schedule. Record the journal entry to record the second installment payment on December 31, 2016. Complete the necessary journal entry for December 31, 2016 by selecting the account names and dollar amounts from the drop-down menus. If more than one account needs to be debited or credited, enter the account titles alphabetically Date Account Title Debit Credit Dec. 31 select select select select select select select select sel