On January 1, the first day of the fiscal year, Shiller Company borrowed $85,000 by giving a seven your. 7 installment note to Soros Bank. The note requires annual payments of $15.772, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $5.950 and principal repayment of 59,822 Required: a Journalize the entries to record the following transactions. Refer to the chart of accounts for the exact wording of the account NOW journals do not use ines for journal explanations. Every line on a jour page is used for debitor credit entries. CNOWjum will automatically indent a credit entry when credit amount is entered 1. Issued the installment note for cash on the first day of the fiscal year 2. Paid the first annual payment on the noto PAGE JOURNAL Score: 0/63 ACCOUNTING EQUATION DESCRIPTION BOUT CE DOSY, HE DATE AT