On January 1, 2024, Clark Corporation signed a $200,000, two-year, 9% note. The loan required Clark to make payments annually on December 31 of $100,000 principal plus interest 1. Journalize the issuance of the note on January 1, 2024 2. Journalize the first payment on December 31, 2024 (Record debits first, then credits. Select explanations on the last line of the journal entry) Journalize the issuance of the note on January 1, 2024 Date Jan 1 Accounts a Accounts and Explanation Debit Credit