On January 1, 2018, Tropical Paradise borrows $41,000 by agreeing to a 6%, six-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $679.49 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 transaction list View journal entry worksheet T. Dobit General Journal No Credit 41,000.00 1 Date January 01, 2018 Cash Notes payable 41,000.00 2 January 31, 2018 Interest expense Notes payable Cash 679.49 3 February 28, 2018 Interest expense Notes payable Cash