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

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On January 1, 2024. Pete's Pizza borrows $20,000 to purchase a dellvery truck by agreeing to a 7%, four-year loan with the banh Payments of $478.92 are due at the end of each month, with the first instaliment due on January 31,2024. Record the issuance of the installment note payable and the first monthly payment. (If no entry is required for a particular transaction/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 instaliment note payable. Note: Enter debits before credthi

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