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On Jewiay 1, $14,000 cosb is borrowed from a bankin return for a 8% installment nose with 24 monhypayments of $2.442 each Note. Round your

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On Jewiay 1, $14,000 cosb is borrowed from a bankin return for a 8% installment nose with 24 monhypayments of $2.442 each Note. Round your answers to the nearest whole dollars. 1. Wrepare the journal entry to record the issuance of u ie note 2. Prepare the joumal entry to record the fist monthy interest poyrnert

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