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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

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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 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 Journal entry worksheet 2 3 Record the issuance of a note payable. Note: Enter debits before credits. Date January 01, 2024 Cash General Journal Debit Credit 39,000.00 39,000.00 Notes Payable >

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