On January 1,2024 , Howell Building Supply financed the purchase of a new building by borrowing $618,000 from the bank using a 30 year, 6% note payable. Payments of $3,705.22 are due at the end of each month, with the first installment 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 installment note payable. Note: Enter debits before credits. Journal entry worksheet Record the first monthly payment. Note: Enter debits before credits