On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Part 1 of 2 Credit Debit $ 12,400 36,400 153,200 79,300 132,000 points Accounts Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals eBook $ 3,000 10,800 30,900 212,000 156,600 $413,300 $413,300 Print References During January 2021, the following transactions occur: January Borrow $112,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments of $2,165 are required at the end of each month for 60 months. January Receive $32,200 from customers on accounts receivable. January Pay cash on accounts payable, $23,000. 10 January Pay cash for salaries, $30,100. 15 January 30 January Firework sales for the month total $201,000. Sales include $66,200 for cash and $134,800 on account. The cost of the units sold is $118,500. Pay the first monthly installment of $2,165 related to the $112,000 borrowed on January 1. Round your interest calculation to the nearest dollar. 1. Record each of the transactions listed above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 Borrow $112,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments of $2,165 are required at the end of each month for 60 months. Record the issuance of the long-term note payable. Note: Enter debits before credits. Date General Journal Debit Credit