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On January 1, 2024. Tropical Cruise Lines borrows $34,000 by agreeing to a 6%, six-year note with the bank. Loan payments of $563.48 are due

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On January 1, 2024. Tropical Cruise Lines borrows $34,000 by agreeing to a 6%, six-year note with the bank. Loan payments of $563.48 are due at the end of each month with the first instaliment 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.) Journal entry worksheet On January 1, 2024. Tropical Cruise Lines borrows $34,000 by agreeing to a 6%, six-year note with the bank. Loan payments of $563.48 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.) Journal entry worksheet Note: Enter debits before credits. On January 1, 2024. Tropical Cruise Lines borrows $34,000 by agreeing to a 6%, six-year note with the bank. Loan payments of $563.48 are due at the end of each month with the first installment due on January 31,2024. Required: Record the issuance of the instaliment 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.) Journal entry worksheet Notes Enter aedits verore creorts. Required information [The following information applies to the questions displayed below] On January 1, 2024, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $310,831. Required: 1. Complete the first three rows of an amortization schedule. (Round your intermediate and final answers to the nearest whole dollar.)

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