On January 1, 2018. Tropical Paradise borrows $50 :00 by agreeing to a 6% six-year note with the bank. The Aids will be used to purchase a new BMW convertble for usein promot ng resort properties to potential customers. Loan payments of $828.64 are due at the end of each month with the first instalilment due on January 31, 2018. Required: Record the issuance of the installment note payable and the frst two monthly payments. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet