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On January 1,2024, Village Construction financed the purchase of a new building by borrowing $601,000 from the bank using a 30 yesr, 6% note payable.
On January 1,2024, Village Construction financed the purchase of a new building by borrowing $601,000 from the bank using a 30 yesr, 6% note payable. Payments of $3,603.30 are due at the end of each month, with the first installment due on January 31,2024. Record the issuance of the instaliment 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 instailment note payable. Notec Enter debits before credits. On January 1, 2024, Village Construction financed the purchase of a new building by borrowing $601,000 from the bank using year, 6% note payable. Payments of $3,603,30 are due at the end of each month, with the first installment due on January 31,2 fecord the issuance of the instaliment note ayable 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 calculation Round your final answers to 2 decimal places.) Journal entry worksheet
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