On January 1, 2015, Corvallis Carnivals borrows $16,000 to purchase a delivery truck by agreeing to a 6%, three-year loan with the bank. Payments of $486.75 are due at the end of each month, with the first installment due on January 31, 2015. Record the issuance of the note payable for cash and the first monthly payment. (If no entry is required for a 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.) view transaction ist view general journal Journal Entry Worksheet Record the issuance of the note payable. Debit Credit General Journal Date January 01 2015 *Enter debits before credits record entry