On January 1, 2021, Julee Enterprises borrows $35,000 to purchase a new Toyota Highlander by agreeing to a 6%, 4-year note with the bank. Payments of $821.98 are due at the end of each month with the first installment due on January 31, 2021. Record the issuance of the note payable and the first two monthly payments. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to 2 decimal places.)