On January 1, 2024, Rosemont Corporation borrowed $31 million from a local bank to construct a new building over the next three years. The loan will be paid back in three equal installments of $12,465,559 on December 31 of each year. The payments include interest at a rate of 10%. quired: Record the cash received when the note is issued. (If no entry is required for a particular transaction/event, select "No Journal try Required" in the first account field. Enter your answer in dollars, not millions (i.e., $5.5 million should be entered as 500,000).) View transaction list Journal entry worksheet 1 Record the receipt of cash from the issue of the note payable. Note: Enter debits before credits. Date January 01, 2024 General Journal Debit Credit Record entry Clear entry View general journal