On January 1, 2018, Lynd - Flint signed a $150,000, 5-year, 14% note. The loan required Lynd - Flint to make annual payments on December 31 of $30,000 principal plus interest. Requirements 1. Journalize the issuance of the note on January 1, 2018. 2. Journalize the first note payment on December 31, 2018. Requirement 1. Journalize the issuance of the note on January 1, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry. Check your spelling carefully and do not abbreviate.) Date Accounts and Explanations Debit Credit 2018 Jan. 1 Requirement 2. Journalize the first note payment on December 31, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry. Check your spelling carefully and do not abbreviate.) Date Accounts and Explanations Debit Credit 2018 Dec. 31