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On January 1, 2024. Pete's Pizza borrows $20,000 to purchase a delivery truck by agreeing to a 7%, four-year loan with the bank Payments of

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On January 1, 2024. Pete's Pizza borrows $20,000 to purchase a delivery truck by agreeing to a 7%, four-year loan with the bank Payments of $478.92 are due at the end of each month, with the first installment due on January 31,2024. Record the issuance of the instaliment note payable and the first monthly payment. (If no entry is required for o porticular transoction/event, select "No Journal Entry Required" in the first account field. Do not round your intermediate calculations. Round your final answers to 2 decimal places.) Journal entry worksheet Record the issuance of the installment note payable. Notel Enter debits before credits. Journal entry worksheet Note: Enter debits before credits

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