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On January 1, 2024, Paradise Tours borrows $39,000 by agreeing to a 6%, four-year note with the bank. Loan payments of $915.92 are due at
On January 1, 2024, Paradise Tours borrows $39,000 by agreeing to a 6%, four-year note with the bank. Loan payments of $915.92 are due at the end of each month with the first installment due on January 31, 2024. Required: Record the issuance of the installment note payable and the first two monthly payments. (Do not round intermediate calculations. Round your final answers to 2 decimal places. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list ces Journal entry worksheet 1 2 3 Record the issuance of a note payable. Note: Enter debits before credits Date January 01, 2024 General Journal Debit Credit Next > Journal entry worksheet < 2 3 Record the first monthly payment. Note: Enter debits before credits. Date January 31, 2024 General Journal Debit Credit D Record entry Clear entry View general journal Prev 1 of 12 Next > aces Journal entry worksheet < 2 3 Record the second monthly payment. Note: Enter debits before credits. Date February 29, 2024 General Journal Debit Credit Record entry Clear entry View general journal
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