On January 1, 2019, Boater Compary issues a $20,000 non-interest-bearing, 5-year note for equipment. Necher the falr value of the note nor the equipment is determinable. Boater's incremental borrowing rate is 9%. The asset has a usetul life of 7 years. Required: Prepare the joumal entry for Boater to rocord the issuance of the note on Januar 1 . Prepare the joumal entry for Boater to record the issuance of the note on January 1. General Journal lnstructions How does srading work