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only need requirment 2 pls Exercise 9-3A Record installment notes (LO9-2) On January 1, 2021, Jalen Company purchased land costing $800,000. Instead of paying cash

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Exercise 9-3A Record installment notes (LO9-2) On January 1, 2021, Jalen Company purchased land costing $800,000. Instead of paying cash of the time of purchase, Jalen plans to make four installment payments of $215 22164 on June 30 and December 31 in 2021 and 2022. The payments include interest at a rate of 6% orded Required: 1. Record the purchase of land when the note is issued 2. Record the first installment payment on June 30, 2021, and the second installment payment on December 31, 2021 3. Calculate the balance of Notes Payable and interest Expense on December 31, 2021 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record the first installment payment on June 30, 2021, and the second installment payment on December 31, 2021. (Do not round intermediate calculations, Round your final answers to 2 decimal places. If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) NO Date General Journal Dobit Credit 1 June 30, 2021 Interest Expense Noles Payable 18.283 353 196, 953 29 6 Complete this question by entering your answers in the tabs below. 8/1 s awarded Required 1 Required 2 Required 3 cored Record the first installment payment on June 30, 2021, and the second installment payment on December 31, 2021. (Do not round Intermediate calculations, Round your final answers to 2 decimal places. If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) Book No Date General Journal Debit Credit Print 1 June 30, 2021 18,263,35 Terences interest Expense Notes Payable Cash 1958.29 OO 215,221.64 2 December 31, 202 * * X

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