On January 1, 2024. Locker - Farrell signed a $350,000, 5-year, 15% note. The loan required Locker-Farroll to make annual payments on December 31 of $70,000 principal plus interest Requirements 1. Joumalize the issuance of the note on January 1, 2024 2. Journalize the first note payment on December 31, 2024. Requirement 1. Journalize the issuance of the note on January 1, 2024. (Record debits first, then credits. Select explanations on the lost line of the joumal ontry) Date Accounts and Explanations Debit Credit 2024 Jan 1 Choose from any list or enter any number in the input fields and then click Check