On January 1, 2024, Tropical Paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. Loan payments of $828.64 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.)

• Record the second monthly payment.

Date	General entry	Debit	Credit
Februrary 29th 2024

• Record the first monthly payment.

Date	General entry	Debit	Credit
January 31st 2024

• Record the issuance of a note payable.

Date	General entry	Debit	Credit
January 01 2024