On the first day of the fiscal year, a company issues $45,000, 8%, six-year installment notes that have annual payments of $9,734. T first note payment consists of $3,600 of interest and $6,134 of principal repayment. a. Journalize the entry to record the issuance of the installment notes. If an amount box does not require an entry, leave it blank. Cash Notes Payable Feedback Check My Work b. Journalize the first annual note payment. If an amount box does not require an entry, leave it blank. Interest Expense