On January 1, 2018, Tropical Paradise borrows $34,000 by agreeing to a 6%, sb-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resor properties to potential customers Loan payments of $563 48 are due at the end of each month with the first installment due on January 31, 2018 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.) View transactionist Journal entry worksheet Record the issuance of a note payable. Note: Enter debts before credits General Journal Debit Credit Date January 01, 2018 Record entry View general